fintech / news / / Hartford Courant
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.
Cleveland Fed President Beth Hammack signaled a possible rate hike if inflation stays above 2%.
KEY POINTS
- 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.
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