Fed's Hammack would prefer tighter policy given too high inflation
Yahoo Finance·2025-12-12 23:27

By Michael S. Derby NEW YORK, Dec 12 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday that given her own take on the economy she would prefer monetary ​policy to be tighter than it is currently. The Fed’s rate cut this week along with past ‌easings this year has interest rate policy “right around a neutral” level, Hammack said at an event in Cincinnati. “I would prefer to be ‌on a slightly more restrictive stance” to help put more pressure on inflation levels that are too ...