Fed Official Warns Against Expecting More Rate Cuts: Inflation Concerns Remain High

In a recent statement, Beth Hammack, president of the Federal Reserve Bank of Cleveland, has cautioned against expecting further interest rate cuts anytime soon. Her comments highlight the complex balancing act the Fed is facing as it tries to curb inflation while supporting economic growth. Hammack emphasized that persistent inflation makes immediate rate cuts less likely, and requires continued vigilance before future adjustments are made.