Fed’s Hammack Backs Gradual Path to Restrictive Rates
Cleveland Fed President Beth Hammack said she does not believe the central bank needs more aggressive rate hikes to combat persistent, broadening inflation.
By Michael S. DerbyCleveland Federal Reserve President Beth Hammack said on Thursday she does not believe that the US central bank needs to shift to more aggressive interest rate rises to combat still-high and broadening inflation."My expectations are that we need to move to a restrictive stance of…