Nick Timiraos(@NickTimiraos):Cleveland Fed President Beth Hammack tells Yahoo Finance that the central bank needs to raise rates by more than 25 basis points, and that it's better to get an early start on that to avoid having to make bigger adjustments later. "Nothing would make me feel better than to be wrong, that we need to change the stance of policy to help bring inflation back to target. But from where I sit, I just don't see it coming back on its own."

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

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Nick Timiraos@NickTimiraos

2026.08.10 18:58

Cleveland Fed President Beth Hammack tells Yahoo Finance that the central bank needs to raise rates by more than 25 basis points, and that it's better to get an early start on that to avoid having to make bigger adjustments later. "Nothing would make me feel better than to be wrong, that we need to change the stance of policy to help bring inflation back to target. But from where I sit, I just don't see it coming back on its own."