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Cleveland Fed's Hammack opposes rate cuts, citing persistent inflation and near-neutral policy.
Cleveland Fed President Beth Hammack said on November 6, 2025, that further interest rate cuts are unwarranted, warning that current policy is nearly neutral and insufficient to curb persistent inflation.
She cited ongoing price pressures and a lack of strong evidence for an economic downturn, though she acknowledged labor market softening.
Hammack, who opposes recent cuts, stressed that inflation remains too high and could stay elevated through 2026, with her stance potentially shifting if inflation worsens or labor market strength surprises.
Her comments signal a hawkish tilt within the Fed, contrasting with market expectations of easing, and highlight challenges in assessing economic data amid the government shutdown.
Hammack de la Fed de Cleveland se opone a los recortes de tasas, citando la inflación persistente y la política casi neutral.