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Federal Reserve official Hammack: Interest rates should be kept unchanged until inflation falls further

Cleveland Fed President Beth Hammack said it would be appropriate to keep interest rates on hold for "some time" while policymakers wait for inflation to decline further and analyze the economic impact of the new administration's policies. "We've made good progress, but 2 percent inflation is yet to be seen," Hammack said in a note prepared for the event in Lexington, Kentucky, on Tuesday. "As long as the labor market remains healthy, I will look for inflation before further policy adjustments.....

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2025-02-11 14:34:31

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