Fed's Hammack sees no need to hike rates to lower inflation at this time
Yahoo Finance·2025-11-07 05:32
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday she does not think the U.S. central bank needs to raise interest rates to combat inflation pressures she considers too high, while acknowledging how that view might change. Despite where inflation is, moving rates up is "not my base case right now," Hammack said in a Reuters interview after a speech in which she reiterated her view that the Fed needs to keep monetary policy a touch tight to balance ...