More Rate Cuts Could Keep Inflation Elevated, Fed’s Beth Hammack Warns

Hammack has signaled that she is against another rate cut — Source: CoinGape Fed President Beth Hammack warned of the risks of prolonged elevated inflation due to additional rate cuts. This comes amid the release of the September jobs report. The odds of another rate cut has climbed following the jobs report release. Cleveland Fed President Beth Hammack has commented on the effects that further rate cuts could have on inflation. This comes amid uncertainty about whether the FOMC will make another ...