Fed’s Barkin says rate hike an ‘open question’; Hammack backs increase on inflation concerns

Richmond Fed President Tom Barkin views further rate hikes as an open question. Cleveland Fed President Beth Hammack advocates for an immediate interest rate increase as she believes current business borrowing pressures add to inflationary pressures.

Federal Reserve Bank of Cleveland President Beth Hammack questioned whether recent signs of a slowdown in inflation will continue and reiterated her call to raise interest rates now.