Cleveland Fed President Hammack: "It's reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
June 02, 2026
June 02, 2026
CLEVELAND, Ohio, June 2 -- The Federal Reserve Bank of Cleveland issued the following news release:
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Cleveland Fed President Hammack: "It's reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
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In a speech at the City Club of Cleveland, President Hammack talked about why the FOMC's inflation target is 2 percent, why it&# . . .
* * *
Cleveland Fed President Hammack: "It's reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
*
In a speech at the City Club of Cleveland, President Hammack talked about why the FOMC's inflation target is 2 percent, why it&# . . .