Fed Divide Widens As Dissenters Publicly Push For Rate Hikes To Tame Inflation — Hammack Says 'Now Is The Time' To Act

Cleveland Fed President Beth Hammack publicly pushed for rate hikes to tame inflation, saying 'Now is the time' to act.

Hammack warned that allowing inflation to remain persistently elevated would make it more costly to bring it back down.

The Federal Reserve's internal divide is widening as dissenters publicly advocate for rate increases.