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Fed official Hammack says rate hikes won't ease key inflation drivers
Original: Hammack says Fed rate hikes are unlikely to mitigate key inflation drivers
Beth Hammack, president of the Federal Reserve Bank of Cleveland, said US interest rate hikes are unlikely to mitigate the main drivers of inflation. Her remarks suggest that current price pressures stem from factors monetary policy cannot readily address, feeding into ongoing debate about how far the Fed should go with further tightening.
Why now: Markets and analysts are closely watching Fed officials' comments for signals on the future path of interest rates.
Beth HammackFederal ReserveFederal Reserve Bank of Cleveland
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