Federal Reserve official Hamak reiterated that there is no reason to cut interest rates this month
2025-09-04 20:03:27
Hamak, president of the Cleveland Fed, reiterated that she saw no reason to lower interest rates this month, with current data showing inflation remained above the Fed's 2 per cent target and continuing to rise. Ms Hamak said business leaders were feeling price pressure from suppliers. "Some of the pressure is tariff-related and some is not," she said. "Ms Hamak also said that if there is a threat to the Fed's independence, then low inflation is also at risk.
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