Hammack Warns Against Further Rate Cuts
Update: 2025-11-20
Description
Beth Hammack, President of the Federal Reserve Bank of Cleveland, warns against further interest rate cuts, citing potential risks of prolonged inflation, risky financial behavior, and increased financial instability. Despite a divided path forward at the Fed, Hammack acknowledges the financial systems overall health but emphasizes the need to monitor elevated leverage in hedge funds and insurers, as well as private credit and stablecoins.
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