Amid oil shock uncertainty, Fed's Hammack says central bank must lower inflation - Reuters

<a href="https://news.google.com/rss/articles/CBMiywFBVV95cUxNQXJlNUJxaDNmRWcyZDQyeTQ5aTU5alpvWHNXTlRPc0l1X29XTkQ2YnpQTXQ0VXhtRWVnWlNZRXZDSXRhZG5BNTAyWHRhTk9yYU1YMVM5TGFzTUVLcDFMcXVBLXh1THBEWmNHTl9DOVFjZWZEa3N1ZzFZUGVWSzRqSHRVd2pYaTFnQVB1Z21jRzlxY042eTV3TklpbHNySjc4MVRHdldYX2JVd3ZyRkhtU3Q4R29pQzdiR0xkR1l0OUxCMHM2VWpaTFh6TQ?oc=5" target="_blank">Amid oil shock uncertainty, Fed's Hammack says central bank must lower inflation</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Cleveland Fed President Beth Hammack indicated that the U.S. central bank may need to implement tighter monetary policy later this year if inflation does not progress toward the 2% target, amid concerns over rising oil prices.

Federal Reserve Bank of Cleveland President Beth Hammack stated that she sees no imminent need to change monetary policy, suggesting that interest rates should remain on hold for some time as inflation remains above the 2% target.

Federal Reserve Governor Christopher Waller stated that while gas prices may rise following U.S. airstrikes in Iran, the increase in global oil prices is unlikely to cause a persistent rise in inflation or warrant a monetary policy change.

Federal Reserve Bank of Cleveland President Beth Hammack stated that if inflation does not ease later this year, the U.S. central bank may need to consider tighter monetary policy to bring price pressures back to the 2% target.

Federal Reserve Bank of Cleveland President Beth Hammack stated that if inflation does not ease later this year, the U.S. central bank may need to consider tighter monetary policy to bring price pressures back to the 2% target.

Federal Reserve Bank of Cleveland President Beth Hammack stated that she sees no imminent need to change monetary policy, emphasizing that the current policy stance is in a good position to balance elevated inflation and a softening job market.

Federal Reserve Bank of Cleveland President Beth Hammack stated that she sees no imminent need to change the stance of monetary policy in an economy where inflation is still 'too high', suggesting that rates should remain on hold for quite some time.

A weak jobs report for February is unlikely to push the Federal Reserve to cut interest rates this month, given the oil price shock from the Iran war poses a risk of higher inflation, according to analysts and Fed officials.

Federal Reserve Bank of Cleveland President Beth Hammack stated that if inflation does not ease later this year, the U.S. central bank may need to consider tighter monetary policy to bring price pressures back to the 2% target.

Cleveland Fed President Beth Hammack indicated that the U.S. central bank may need to implement tighter monetary policy later this year if inflation progress stalls, amid a cooling labor market and rising energy prices due to geopolitical tensions.