Fed’s Hammack Backs More Rate Hikes but Sees No Need for Faster Tightening

Cleveland Fed President Beth Hammack reaffirmed her support for further interest rate increases to contain persistent inflation, but argued that gradual tightening through smaller, more frequent hikes remains preferable to more aggressive moves. Speaking at an Ohio State University event on Thursday, Hammack said the Fed needs to move toward a restrictive policy stance to […]

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