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The Business Brief MONDAY, 10 AUGUST 2026
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Economy

Fed’s Hammack Says ‘Some Number’ of Rate Hikes May Be Needed

1 source ·1 article ·2h ago

Federal Reserve Bank of Cleveland President Beth Hammack said it’s possible a number of interest rate hikes may be needed to bring inflation down to the central bank’s 2% target, but she does not want to prejudge what the end point will be.

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Bloomberg 1

All coverage · 1 article

Bloomberg Markets ·2h ago

Fed’s Hammack Says ‘Some Number’ of Rate Hikes May Be Needed

Federal Reserve Bank of Cleveland President Beth Hammack said it’s possible a number of interest rate hikes may be needed to bring inflation down to the central bank’s 2% target, but she does not want to prejudge what the end point will be.