Fed Official Pushes for Prolonged Rate Pause as Inflation Worries Linger
TL;DR Summary
Beth M. Hammack, president of the Federal Reserve Bank of Cleveland, urges patience on policy, saying inflation remains a concern and the Fed should keep rates unchanged for an extended period, with no rush to cut after last year's reductions amid uncertainty from the Iran conflict and trade tariffs.
- Top Fed Official, Wary of Inflation, Calls for Extended Rate Pause The New York Times
- With his war in Iran, Trump just made the next Fed chair’s job even harder CNN
- Fed's Williams says rate cuts still possible, does not address Iran war Reuters
- Fed’s Williams, Kashkari Point to New Uncertainty From Iran War Bloomberg.com
- Fed’s Williams Says Cooling Inflation Could Allow for Future Rate Cuts WSJ
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