# 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 · Hartford Courant*

## 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 upward rate adjustments.
- Cleveland Fed estimates inflation could reach 3.5% in April, the highest since 2024.
- March inflation is forecast to jump to 3.1%, driven by gas prices rising 80 cents in a month.
- Hammack emphasized the Fed faces 'two-sided risks' from both inflation and potential economic slowdown.

**Countries:** United States, Iran

[Read the full story on Hartford Courant](https://www.courant.com/2026/04/06/fed-official-rate-hike/)

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