The Federal Reserve's FOMC sets interest rate policy. Four of its 12 voting members are the chairpeople of the Fed's 11 regional banks, who rotate for one year. In 2026, Cleveland Fed President Mark Hammarck will join the voting panel.
"My base case is that we can hold interest rates at these levels for some time until we have clearer evidence that either inflation is coming back to target or the employment situation is deteriorating more materially," Mr. Hammack said.
The Federal Reserve Chairperson Hammack is hawkish on interest rates, questioning whether the falling CPI data is distorted
2025-12-21 17:19:03
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