https://www.live-feeds.com/feed/fed-s-hammack-says-now-is-the-time-to-act-on-raising-interest-ratesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/fed-s-hammack-says-now-is-the-time-to-act-on-raising-interest-rateshttps://www.live-feeds.com/feed/fed-s-hammack-says-now-is-the-time-to-act-on-raising-interest-rates#u52472Sun, 30 Aug 2026 13:56:11 +0000Federal Reserve Chair Kevin Warsh and several Fed officials have signaled a need for interest rate hikes during the annual Jackson Hole symposium. Warsh stated that inflation tops the 2% target and current policy is not restrictive, suggesting there is still work to do on inflation. Other officials, including Cleveland Fed President Hammack and Kansas City Fed President Schmid, also warned that inflation remains sticky or too hot, with Hammack explicitly stating that now is the time to act. These hawkish signals have sparked market bets for a rate increase next month.Why it mattersThe Jackson