Cleveland Fed president "Need to maintain a certain level of tightening to slow inflation"

Cleveland Federal Reserve Bank President Beth Hammack (Beth Hammack) said a tight monetary policy stance should be maintained for the time being to ease inflationary pressures. She also warned that inflationary pressures could continue into early next year due to the effects of tariffs.

On the 13th (local time), according to economic news channel Walter Bloomberg (Walter Bloomberg), President Hammack emphasized policy continuity to prevent economic overheating, saying, "It is necessary to continue maintaining a certain level of tightening to bring inflation back to the target range."

She noted in particular that recent tariff adjustments could stimulate upward pressure on prices, saying, "Inflation may not ease until early next year because of tariff effects." With some Fed officials saying the pace of rate cuts should be slowed, Hammack's remarks bolster cautious views.

The Fed is expected to revisit the interest rate path at the Federal Open Market Committee (FOMC) meeting scheduled for December.