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Markets / The Economic Times

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Fed's Hammack would prefer tighter policy given too high inflation

Cleveland Fed President Beth Hammack believes monetary policy should be tighter. She feels current interest rates are around neutral. Hammack would prefer a more restrictive stance to pressure inflation. She indicated this view ahead of a recent rate cut. Hammack will be a voting member of the FOMC next year.

13 Dec 2025 9:46 am