Cleveland Fed’s Hammack: FOMC Is Getting Close To Needing to Slow Rate Cuts
– Need to Keep Monetary Policy ‘Modestly Restrictive’ To Reduce Still High Inflation By Steven K. Beckner (MaceNews) – The Federal Reserve is approaching a point where it should “slow the pace” of interest rate reductions, new Cleveland Federal Reserve Bank President Beth Hammack said Friday. Hammack, a voting member of the Fed’s rate-setting Federal […]