# 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 · Baltimore Sun*

## Key points

- Cleveland Fed President Beth Hammack signaled a possible rate hike if inflation stays above 2%.
- Hammack's comments reflect a shift among some Fed officials away from a bias toward rate cuts.
- Fed minutes reveal several officials supported mentioning potential 'upward adjustments' to rates in January.
- Cleveland Fed estimates inflation could reach 3.5% in April, the highest since 2024.

**Countries:** United States, Iran

[Read the full story on Baltimore Sun](https://www.baltimoresun.com/2026/04/06/key-fed-official-sees-possible-rate-hike-amid-higher-gas-prices-inflation-concerns/)

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