Fed’s Hammack warns of inflation rise, urges caution on rate cuts
NegativeFinancial Markets

Federal Reserve official Michelle Hammack has issued a warning about the potential rise in inflation, urging caution regarding any plans for interest rate cuts. This is significant as it highlights the ongoing concerns about economic stability and the delicate balance the Fed must maintain to support growth while controlling inflation. Hammack's remarks suggest that the central bank is wary of making hasty decisions that could exacerbate inflationary pressures, which could impact consumers and businesses alike.
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