Hammack Opposes Rate Cut
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monetary policyCoinGape
•Cleveland Fed President Beth Hammack breaks with the Fed's decision to cut rates
76% Informative
Cleveland Fed President Beth Hammack disagreed with the Fed 's decision to cut rates, preferring to hold them steady.
Hammack believes the Fed should prioritize fighting inflation and keep rates restrictive until there's clear progress.
She sees current interest rates as near neutral, meaning they are neither stimulating nor restraining the economy.
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86
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36
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English
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