Fed Hammack Sees Slow Inflation Drop
Cleveland Fed President Beth Hammack stated that United States inflation will likely ease slowly and remain above the two percent target next year. She reiterated that additional rate hikes might be necessary to quell ongoing price pressures.
Federal Reserve Bank of Cleveland President Beth Hammack said Thursday that price pressures in the United States will likely remain above target through next year. Hammack reiterated that another rate hike may be needed to cool inflation.
