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Fed's Hammack Eyes Tighter Policy if Inflation Doesn't Abate

Beth Hammack said the Fed may need to act again if inflation keeps rising, while markets expect a rate increase at the next meeting.

Summary by Kitco NEWS
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 …

9 Articles

Lean Right

Head of the US CB, however, acknowledged the increasing risks of a monetary policy restriction if the current inflation scenario remains longer

·Brazil
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Center

Fed's Hammack says rates may need to rise if rising inflation does ...

·New York, United States
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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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Bloomberg broke the news in New York, United States on Tuesday, June 2, 2026.
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