Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries

Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries

Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, the policymaker did not share the market’s enthusiasm for a cut, sparked after Chair Jerome Powell’s keynote speech earlier in the morning stating that current conditions “may warrant”…

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Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut

Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut

Kansas City Federal Reserve President Jeffrey Schmid expressed doubt about lowering interest rates in September, saying policymakers still have more work to do on inflation. Speaking to CNBC from the Fed’s annual symposium in Jackson Hole, Wyo., Schmid pushed back on market pricing that points strongly to the Federal Open Market Committee lowering its key…

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Fed minutes August 2025

Fed minutes August 2025

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., July 30, 2025. Jonathan Ernst | Reuters Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most…

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