Cleveland Fed President Beth Hammack struck a notably hawkish tone overnight, warning that monetary policy remains only “barely restrictive” after last week’s rate cut. She remains concerned about high inflation and believes policy should continue “leaning against it.” She reiterated her opposition to the Fed’s decision to lower the federal funds rate by 25bps to […]The post Fed’s Hammack: Policy barely restrictive, inflation still too high appeared first on Action Forex.