Fed Official Sees Inflation Risk, Hints at Action

Cleveland Fed President Beth Hammack indicated that while holding interest rates steady is currently prudent due to economic uncertainties, the Federal Reserve may soon need to take action against persistent high inflation. Her remarks suggest a cautious approach, balancing immediate economic conditions with the longer-term goal of price stability. The central bank continues to monitor incoming data closely to determine the appropriate timing and magnitude of any potential policy adjustments to curb inflationary pressures effectively.