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Cleveland Fed president says tighter policy needed to cut inflation

Reported · Written up by our desk · Central Banks

CNBC reports that the Cleveland Fed president said tighter monetary policy would be needed to bring down inflation.

The Fed official warned against an “inflationary mindset” taking hold, arguing that policy would need to stay restrictive to prevent it.

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Sources

CNBC MarketsHigher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack
CNBC FinanceHigher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack
CNBC FinanceHigher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack

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