Hammack: Interest Rates to Stay Put, Inflation Not as Low as Reported
Update: 2025-12-22
Description
Cleveland Fed President Beth Hammack advocates for holding interest rates steady, expecting to join the FOMC in 2026. She dismisses recent inflation data, predicting a higher rate of 2.9-3%. Hammacks hawkish stance contrasts with Fed Governor Chris Waller, hinting at potential debates in future FOMC meetings. Meanwhile, bitcoins performance diverges from stocks and gold, despite rate cuts.
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