Macro
Fed's Hammack says 'now is the time to act' on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
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Hammack
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Latest on Hammack
Newest firstMacro
Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary
"We've got inflation that's too high, and it's been too high for the past five years," Beth Hammack told CNBC's Sara Eisen.
Macro
Hammack Says Fed May Need to Respond if Inflation Persists
Cleveland Fed President Beth Hammack, a voting member this year, said policy may not be restrictive enough to bring inflation to 2%.
Macro
Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
Macro
Fed's Hammack: Monetary Policy Is in a Good Place to Stay on Hold
Cleveland Fed President Beth Hammack said the Federal Reserve can err on the side of patience as it assesses the impact of recent rate reductions.
Macro
Fed's Hammack signals holding rates steady for months: report
Hammack opposed recent rate cuts as she is more worried about elevated inflation than the potential labor-market fragility that prompted officials to lower rat…
Macro
Fed's Hammack says there's no need to change interest rates for months, WSJ reports
The Federal Reserve Bank of Cleveland president sees no need to change rates for months ahead, The Wall Street Journal reported on Sunday.
Macro
Cleveland Fed President Beth Hammack said she doesn't see any need to change interest rates for several months in an interview with The Wall Street Journal
The Cleveland Fed president, who will vote on rates in 2026, said she is taking November's cooler inflation reading "with a grain of salt."
Macro
Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.
Macro
'After last week's meeting, I see monetary policy as barely restrictive, if at all,' Cleveland Fed leader Beth Hammack says
The central banker suggested she is skeptical the Fed can opt for further interest-rate cuts, given the persistence of inflation and the monetary easing from t…
Macro
Cleveland Fed's Hammack warns of 'challenging time' amid inflation worries
"On the inflation side right now, I continue to be worried," Cleveland Federal Reserve President Beth Hammack Hammack told CNBC's "Squawk Box Europe."
Macro
Cleveland Fed's Hammack casts doubt on interest rate cuts amid inflation worries
In a CNBC interview, the policymaker did not share the market's enthusiasm for a cut.
Macro
Americans could soon see higher costs from tariffs, Fed's Hammack says
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
Macro
Fed's Hammack calls for patience in assessing what impacts tariffs will have on the economy
The Cleveland Fed president said Thursday she thinks policymakers need to be patient rather than pre-emptive.
