Cleveland Fed Chief Backs Restrictive Policy
Cleveland Fed President Beth Hammack stated that the US central bank should move relatively quickly toward a restrictive monetary policy stance. She emphasized the need to control broad-based inflation pressures driven by strong demand.
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Cleveland Fed President Beth Hammack said on Monday the United States central bank should move relatively quickly to a restrictive policy stance. The push aims to control inflation that she views as increasingly broad-based across the economy.
