Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack
The Cleveland Fed president said that tighter monetary policy would be needed to bring down inflation.
CNBC reports that the Cleveland Fed president said that tighter monetary policy would be needed to bring down inflation.
This business story centres on the United States. Names and organisations mentioned in the coverage include Fed's Hammack and Cleveland Fed.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- Fed's Hammack, Cleveland Fed
- Section
- Business
Sources
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