@kolyantrend

Cleveland Federal Reserve President Beth Hammack has expressed a hawkish view on interest rates, questioning the recent drop in the Consumer Price Index as potentially distorted. In an interview with the Wall Street Journal, she stated that her base case is for the central bank to maintain its current policy stance for some period of time. This perspective suggests a cautious approach to cutting rates, emphasizing the need for sustained evidence that inflation is moving convincingly toward the Fed's two percent target before considering any policy easing. Her comments highlight ongoing debate within the Fed regarding the persistence of inflationary pressures and the appropriate path for monetary policy.

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