Cleveland Federal Reserve President Beth Hammack said Monday that monetary policy needs to remain restrictive to bring inflation back to the central bank’s 2% target, arguing that smaller adjustments made relatively quickly may be preferable to waiting until larger...
The outgoing president of the Cleveland Federal Reserve welcomed this week’s data pointing to lower inflation readings but warned that the central bank has to “see that continue a bit longer” before it can consider cutting interest rates. In an interview...
The Federal Reserve Bank of Cleveland announced the appointment of Beth M. Hammack as its next president and CEO, effective Aug. 21. Hammack will succeed Loretta J. Mester, whose tenure ends on June 30, as per Federal Reserve mandatory age and length-of-service...
Euro-Area Housing Loan Demand Falls Sharply as Higher Rates Hit Borrowers
