Fed's Hammack calls for more rate hikes, says policy not restrictive enough

Cleveland Fed President Beth Hammack told Barron's US rates need to rise further to bring inflation back to the Fed's 2% target, saying policy is not restrictive enough. She said trend inflation is in the mid-to-high 2% range, prefers smaller but relatively quick moves, and added the neutral rate is likely higher but hard to pin down.

Detected & updated continuously · Source: Nebula