Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level

Cleveland Federal Reserve President Beth Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.The policymaker told CNBC that she thinks the current level of interest rates is "barely restrictive, if at all" when it comes to the economic impact. Restrictiveness is a key metric for Fed officials, who are divided ideologically over whether labor market weakness or inflation is a bigger threat. Hammack has been more in the haw ...