Hammack Says the Fed Needs to 'Act Now' on Inflation

AI Summary

Federal Reserve Bank of Cleveland President Beth Hammack described the US labor market as broadly stable while noting inflation continues to miss the central bank's target, urging immediate action. She spoke at an event in Kettering, Ohio.

Federal Reserve Bank of Cleveland President Beth Hammack says the US labor market is "broadly stable" while inflation has been missing the central bank's target during an event with the Dayton Area Chamber of Commerce in Kettering, Ohio. (Source: Bloomberg)