Fed's Hammack Calls for More Restrictive Rate Policy

Beth Hammack, president of the Federal Reserve Bank of Cleveland, said during an event at Ohio State University that the central bank needs to adopt a more restrictive policy stance to bring inflation back to its 2% target. Hammack did not specify a timeline or particular rate level for such a shift. Her statement was made at a public event on the Ohio State University campus.

• Bloomberg — Fed's Hammack Calls for More Restrictive Rate Policy

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