EconomyFed Holds Rates Steady as Cook and Hammack Dissent
The Federal Open Market Committee voted 10-2 to keep its benchmark federal funds rate in a 3.75% to 4% range. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented.

President of the Federal Reserve Bank of Cleveland
President of the Federal Reserve Bank of Cleveland (2024–)
| Born | 1971 · California |
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| Offices |
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| Education | Stanford University (BA) |
What this person said on the record, as reported, newest first.
Cleveland Fed President Beth Hammack said Friday that September’s U.S. employment report was consistent with the recent hiring trend. She said she still has time to consider what the next monetary policy step should be.
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Reuters
Cleveland Fed President Beth Hammack says it is time for the Federal Reserve to act and raise interest rates. Speaking at the Jackson Hole Economic Policy Symposium, she also discusses how effective rates and the Fed’s balance sheet are as economic tools.
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Bloomberg Television
Reports that mention this person, by story.
The Federal Open Market Committee voted 10-2 to keep its benchmark federal funds rate in a 3.75% to 4% range. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented.

Cleveland Fed President Beth Hammack said Monday she hopes the Fed can bring inflation down without damaging the job market. That may require slowing the rapid pace of corporate investment or market-driven wealth gains that are boosting personal consumption.
Cleveland Fed President Beth Hammack said tighter monetary policy may be needed to bring inflation down and prevent an “inflationary mindset” from taking hold.

Cleveland Fed President Beth Hammack said Friday that September’s U.S. employment report was consistent with the recent hiring trend. She said she still has time to consider what the next monetary policy step should be.
Cleveland Fed President Beth Hammack says it is time for the Federal Reserve to act and raise interest rates. Speaking at the Jackson Hole Economic Policy Symposium, she also discusses how effective rates and the Fed’s balance sheet are as economic tools.

Fed official Hammack says now is the time to act on raising interest rates.
