Fed may need to hike rates if inflation does not ease soon, Jefferson says

Hammack Sees No Conflict in Fed's Goals, Inflation Her Worry

Federal Reserve Bank of Cleveland President Beth Hammack said persistently high inflation is her bigger concern as consumer spending holds up and unemployment remains low.

Cleveland Fed's Hammack has started hearing businesses demand action to curb inflation (VTIP:NASDAQ)

"For the first time in my tenure, I'm hearing from businesses who say they think we need to take action to curb inflation, and from consumers who can't make ends meet about a growing sense of despair," said Beth Hammack.

Former Atlanta Fed Pres. Lockhart: Expect the next rate move to be a hike

Former Atlanta Fed President Dennis Lockhart joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, and more.

US Stock Market: Fed's Jefferson signals openness to rate hike if inflation stays elevated

Federal Reserve Vice Chair Philip Jefferson indicated potential interest rate hikes if inflation fails to improve. Current policy remains appropriate for now, supporting the labor market and inflation's return to 2%. However, policymakers may reassess if inflation does not cool soon, ensuring price stability. Jefferson highlighted inflation risks over labor market concerns, noting potential impacts from global events.

Fed’s Jefferson Says Policy Well Positioned If Inflation Cools

Federal Reserve Vice Chair Philip Jefferson suggested the central bank should consider raising interest rates if inflation doesn’t cool soon, but said monetary policy is well positioned for now.