“High inflation across industries and categories from a macro-economic perspective has led to a short-term impact on consumer sentiment and depressed consumer spending in the last few quarters,” Chairman Ravi Kant Jaipuria said in a statement.
Fed’s Hammack would prefer tighter policy given too high inflation
Cleveland Fed President Beth Hammack believes monetary policy should be tighter. She feels current interest rates are around neutral. Hammack would prefer a more restrictive
December 13, 2025