# Beth Hammack, president of the Federal Reserve Bank of Cleveland, said her general preference is for the Fed keep its benchmark interest rate unchanged “for quite some.

*fintech · news · 2026-04-06 · The Associated Press*

## Key points

- Cleveland Fed President Beth Hammack signaled a possible rate hike if inflation stays above 2%.
- Fed officials, including Hammack and Goolsbee, are now openly considering rate increases, not just cuts.
- Cleveland Fed estimates inflation could reach 3.5% in April, the highest since 2024.
- March inflation is forecast to jump to 3.1% annually, mainly due to rising gas prices from the Iran war.
- Hammack emphasized that higher gas prices are the top concern among constituents in her district.

**Countries:** United States, Iran

[Read the full story on The Associated Press](https://apnews.com/article/inflation-federal-reserve-interest-rates-de214f6eb7853bef424967f6d1caf11d)

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