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Fed's Hammack tells Fox Business inflation likely to ease slowly
Federal Reserve Bank of Cleveland President Beth Hammack said Thursday the U.S. central bank is unlikely to get price pressures back to target even by next year, in an interview that also saw her reiterate her belief a rate hike is needed to quell high inflation.
Fed rate-hike voices swell before July decision, rates still seen on hold
Cleveland Fed President Beth Hammack on Friday added her voice to a small but growing chorus of policymakers arguing the Fed may need to raise short-term borrowing costs to deal with persistently high inflation, setting up a charged debate at the central bank's July 28-29 meeting.