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Fed's Hammack eyes tighter policy if inflation doesn't abate
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- Fed's Hammack eyes tighter policy if inflation doesn't abate By Michael S.
- June 2 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that the U.S.
- “If we wait for definitive evidence that high inflation has become embedded in the economy, it may require larger policy adjustments, at greater cost,” the official said.
Fed's Hammack eyes tighter policy if inflation doesn't abate By Michael S. Derby Tue, June 2, 2026 at 7:37 PM GMT+7 2 min read By Michael S. Derby
June 2 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that the U.S. central bank may need to act “soon” to combat inflation pressures that are already too high and are on a worrisome trend.
“Based on the data, I’m more concerned about the growing risks of persistently elevated inflation than the risks to full employment and also that monetary policy may not be sufficiently restrictive to bring inflation down to 2 percent,” Hammack said in a speech prepared for delivery before the City Club of Cleveland.
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