# Beth Hammack, president of the Federal Reserve Bank of Cleveland, said a hike could become necessary if inflation stays stubbornly high.

*fintech · news · 2026-04-07 · Euronews*

## Key points

- Beth Hammack signaled a possible interest rate hike due to Iran war-driven fuel inflation.
- Fed's inflation forecast for April could reach 3.5%, the highest since 2024.
- Gas prices have risen 80 cents in a month, now averaging $4.12 per gallon nationally.
- Fed minutes from January revealed several members supported language about potential rate increases.

**Countries:** United States, Iran

[Read the full story on Euronews](https://www.euronews.com/business/2026/04/07/will-the-us-fed-raise-interest-rates-to-fight-iran-war-inflation)

---

Canonical: https://newsio.io/n/b5a3e7a2-56ae-4885-990c-e0b846957d1d/beth-hammack-president-of-the-federal-reserve-bank-of-cleveland-said-a-hike-coul
Summarized by Newsio from Euronews. https://newsio.io/how-it-works