The Federal Reserve will stress inflation risks next year and oppose further interest rate cuts

Hamak, the president of the Cleveland Federal Reserve, said on Thursday that persistently high inflation levels are not conducive to the Federal Reserve cutting interest rates again, and she is concerned that monetary policy may not be prepared to deal with current inflation. Hamak said that after last week's policy meeting, I think monetary policy is hardly restrictive, and in my opinion, the reason for further policy action is not obvious at this time. Hamak said that the Federal Reserve continues to face inflationary pressures above its target, and the current monetary policy setting does little to limit the momentum of economic growth. She opposed the Federal Reserve's decision to cut interest rates last week. Hamak acknowledged that there are problems in the labor market, but at the same time warned that the unemployment rate remains low.