Fed's Hammack Says 'It's Time to Act' on Hiking Rates

Federal Reserve Bank of Cleveland President Beth Hammack stated at the Jackson Hole Economic Policy Symposium that delaying rate increases would result in greater economic pain for Americans. Hammack did not specify a timeline or target rate in the Bloomberg report of her remarks. The Jackson Hole symposium is an annual gathering of central bankers and economic policymakers held in Wyoming.

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