Federal Reserve Bank of Cleveland President Beth Hammack sees no urgent need to lower interest rates due to high inflation and uncertainty about trade tariffs. She emphasizes the importance of maintaining a restrictive monetary policy to reach the 2% inflation target. Most officials expect rates to stay steady, but some are open to cuts. President Trump has pressured the Fed to cut rates, but officials remain focused on economic data and uncertain about tariff impacts. Hammack advocates a cautious approach, “wait and see.”

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