Fed's Hammack Says Central Bank Should Pause Rate Cuts

Core Viewpoint - The Cleveland Fed president expresses greater concern about inflation than the current cooling labor market [1] Group 1: Inflation Concerns - The Cleveland Fed president highlights that inflation remains a significant issue, overshadowing the effects of a cooling labor market [1] - There is an emphasis on the need for continued vigilance regarding inflationary pressures despite signs of labor market softening [1] Group 2: Labor Market - The labor market is showing signs of cooling, but this is not the primary focus of the Cleveland Fed president's concerns [1] - The president suggests that the labor market's current state does not alleviate the urgency of addressing inflation [1]