Cleveland Fed Chief Leaves Door Open for Rate Hikes Amid Lingering Inflation Fears
June 02, 2026
June 02, 2026
CLEVELAND, Ohio, June 2 -- The Federal Reserve Bank of Cleveland issued the following news release:
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Cleveland Fed President Hammack: "It's reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
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In a speech at the City Club of Cleveland, President Hammack talked about why the FOMC's inflation target is 2 percent, why it&# . . .
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Cleveland Fed President Hammack: "It's reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
*
In a speech at the City Club of Cleveland, President Hammack talked about why the FOMC's inflation target is 2 percent, why it&# . . .