Cleveland Fed's Hammack opposes rate cut
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Odaily Odaily News: The Federal Reserve said that Cleveland Federal Reserve President Hammack opposed the Fed's decision to cut interest rates by 25 basis points, and she would rather keep interest rates at the previous level of 4.5%-4.75%. Hammack became the second voter this year to dissent, after Fed Governor Bowman opposed a 50 basis point rate cut in September. In a program earlier this month, Hammack expressed doubts about whether the Fed should continue to cut interest rates in the face of continued inflation. Bowman voted in favor of this rate cut. (Jinshi)
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