Fed’s Hammack Questions Whether US Inflation Will Keep Slowing

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Federal Reserve Bank of Cleveland President Beth Hammack questioned whether recent signs of a slowdown in inflation will continue and reiterated her call to raise interest rates now. “I love to see that those numbers are coming in lower — that’s a good thing — but I don’t have confidence that we’re going to continue to see that, or that we’re going to see them low enough that it’s going to bring us back down to that 2% number,” Hammack said Thursday.

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