Fed’s Hammack leans against more rate cuts because of high inflation
NegativeFinancial Markets

Fed’s Hammack leans against more rate cuts because of high inflation
Federal Reserve official Michelle Hammack has expressed concerns about further interest rate cuts due to persistently high inflation. This stance highlights the ongoing struggle to balance economic growth with inflation control, which is crucial for maintaining financial stability. As inflation remains a significant issue, Hammack's comments suggest that the Fed may prioritize combating rising prices over stimulating the economy, impacting borrowers and investors alike.
— via World Pulse Now AI Editorial System






