Cleveland Fed President Beth Hammack has emerged as one of the most vocal hawks on the Federal Open Market Committee, publicly urging an immediate interest rate increase despite a week of inflation data that came in cooler than expected.
Hammack made her case on Thursday at the Dayton Area Chamber of Commerce, arguing that inflation running above 3% is simply too high and that the current federal funds rate of 3.50% to 3.75% is not providing sufficient restraint on economic activity.
