Fed’s Hammack Says She Wouldn’t Cut Interest Rates If Meeting Were Tomorrow

Federal Reserve Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if central bankers were making a policy decision tomorrow.

“We have inflation that’s too high and has been trending upwards over the past year,” Hammack said Thursday during an interview with Yahoo! Finance in Jackson Hole, Wyoming. “With the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates.”