Federal Reserve Hamak: No support for September interest rate cut for the time being
2025-08-21 15:28:03
Cleveland Fed President John Hamack said on Aug. 21 that she would not support a September rate cut if Fed officials were to make a policy decision tomorrow. "Inflation is too high right now and it's been on an upward trend over the past year," Hamack said in an interview on Thursday. "From the information I have, if we meet tomorrow, I don't see a reason to lower rates." She acknowledged concerns about the labour market, but noted that the unemployment rate remained close to her estimate of full employment. "On the overall balance, I think it's important to maintain a moderately tight policy stance in order to continue to bring inflation back to target."
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