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The Business Brief THURSDAY, 27 AUGUST 2026
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Economy

Fed’s Hammack Says Rates Not Restrictive, Time to Act Is Now

1 source ·1 article ·1h ago

Federal Reserve Bank of Cleveland President Beth Hammack reiterated that now is the time for officials to act to contain inflation, adding that interest rates are not slowing the economy enough for price pressures to cool on their own.

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Bloomberg 1

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Bloomberg Economics ·1h ago

Fed’s Hammack Says Rates Not Restrictive, Time to Act Is Now

Federal Reserve Bank of Cleveland President Beth Hammack reiterated that now is the time for officials to act to contain inflation, adding that interest rates are not slowing the economy enough for price pressures to cool on their own.