Fed's Hammack, worried by inflation, disinclined to cut rates - CNBC

By Michael S. Derby

NEW YORK, Aug 22 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammck said on CNBC on Friday that ongoing inflation worries suggest to her monetary policy should not be changed.

Hammack, interviewed on the sidelines of the Kansas City Fed's Jackson Hole, Wyoming. research conference, weighed in after Fed Chair Jerome Powell nodded toward the prospect of a September interest rate cut.

"For me, what the decision really comes down to is that inflation is too high," Hammack said, adding "we need to maintain a modestly restrictive stance of policy to get inflation back to target."