Fed's Hammack sees no urgent reason to lower rates - Fox Business
ReutersJul 14, 2025 12:53 PM
By Michael S. Derby
July 14 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees no imminent need to lower interest rates right now.
“We're pretty close to where the neutral rate is and so I see an economy that's resilient, I see one that's working really well, and I don't see a need to really reduce (interest rates) unless we see material weakening on the labor side,” Hammack said in an interview on Fox Business.
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