
Cleveland Fed's Hammack Urges Immediate Action on Inflation
Cleveland Federal Reserve President Loretta Mester Hammack stated that the Fed needs to "act now" to bring down inflation, questioning whether the current slowdown will continue. Her remarks emphasize the urgency of monetary policy in addressing rising prices.
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Hammack Says the Fed Needs to 'Act Now' on Inflation
Federal Reserve Bank of Cleveland President Beth Hammack says the US labor market is "broadly stable" while inflation has been missing the central bank's target during an event with the Dayton Area Chamber of Commerce in Kettering, Ohio. (Source: Bloomberg)
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