‘After last week's meeting, I see monetary policy as barely restrictive, if at all,' Cleveland Fed leader Beth Hammack says

Core Viewpoint - The central banker expresses skepticism regarding the Federal Reserve's ability to implement further interest-rate cuts due to ongoing inflation and the effects of previous monetary easing from completed rate cuts [1] Summary by Relevant Categories - Interest Rates - The central banker doubts the feasibility of additional interest-rate cuts by the Fed [1] - Inflation - Persistent inflation remains a significant concern that influences the central bank's decision-making process [1] - Monetary Policy - Previous rate cuts have already contributed to monetary easing, which complicates the potential for future cuts [1]