Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries

Key Points

Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat.
In a CNBC interview, she said, “I don’t want to move us to a place where we’re being accommodative, because I worry that if we’re accommodative, we could reinvigorate the inflationary pressures.”

Source

Finance

Here’s what current and former Fed officials are saying about Lisa Cook investigation

August 22, 2025

Key Points Current and former Federal Reserve officials have offered their thoughts about the Trump administration’s recent mortgage fraud allegations toward Fed Governor Lisa Cook. Former Boston Fed President Eric Rosengren told CNBC on Friday that “until there’s some facts out, I don’t think people should draw any conclusion,” while others such as Cleveland Fed […]

Finance

Stocks making the biggest moves midday: Microchip Technology, Builders FirstSource, Zoom Communications and more

August 22, 2025

Here are some of the stocks posting the biggest moves in midday trading Friday: Mohawk Industries , Builders FirstSource — Home construction plays jumped after Federal Reserve Chair Jerome Powell hinted that rate cuts could be around the corner, sparking hopes for lower borrowing costs. Builders FirstSource jumped 8%, while flooring company Mohawk Industries added […]

Finance

Watch Fed Chair Powell’s full policy speech at Jackson Hole

August 22, 2025

Federal Reserve Chair Jerome Powell delivered his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming. He indicated that conditions ‘may warrant’ interest rate cuts as the Fed proceeds ‘carefully.’ Markets have been looking to Powell to provide strong hints about a September interest rate cut. For their part, the […]