Federal Reserve Bank of Cleveland President Beth Hammack suggests a more restrictive monetary policy stance to combat high inflation.

Fed's Beth Hammack prefers tighter policy due to high inflation levels, suggesting she would have opposed the recent rate cut. Hammack believes inflation remains a concern, citing impacts beyond tariffs, and would consider a more restrictive policy stance if inflation stays high. She has confidence that the next Fed leader will retain the institution's focus on containing price pressures.