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BH

Beth Hammack

Executive

Beth Hammack is the President of the Cleveland Federal Reserve.

Notable Quotes

"I try to look at what’s the magnitude and what’s the persistence."
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"I see no imminent need to change monetary policy as inflation remains too high."
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"My expectation has been that inflation would start making progress towards our 2% target."
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"If inflation is not making progress towards our goal in the latter half of this year, as I expect that it should, that might be a reason why we might need to be more restrictive."
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"It is too early to know how all this will play out."
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"My expectation has been that inflation would start making progress towards our 2% target."
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"If inflation is not making progress towards our goal in the latter half of this year, as I expect that it should, that might be a reason why we might need to be more restrictive from policy perspective."
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"I try to look at what’s the magnitude and what’s the persistence."
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"She sees no imminent need to change monetary policy as inflation remains too high."
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"Policy should remain on hold for quite some time until there is evidence that inflation is coming down."
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"Inflationary pressures are broad based, noting that tariffs are only one area of concern for businesses."
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"Under my base case, I think policy should be on hold for quite some time as we see evidence that inflation is coming down and the labor market stabilizes further."
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"I see inflationary pressures as broad based."
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"It’s difficult to envision imminent major changes to the dollar’s international role."
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"The Fed needs to balance a softening job market against what she sees as broad-based inflationary pressures."
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