https://www.live-feeds.com/feed/higher-rates-could-be-needed-to-avoid-inflationary-mindset-taking-hold-says-fed-s-hammackContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/higher-rates-could-be-needed-to-avoid-inflationary-mindset-taking-hold-says-fed-s-hammackhttps://www.live-feeds.com/feed/higher-rates-could-be-needed-to-avoid-inflationary-mindset-taking-hold-says-fed-s-hammack#u124934Fri, 16 Oct 2026 04:46:47 +0000Cleveland Federal Reserve President Beth Hammack says higher interest rates may be necessary to prevent an 'inflationary mindset' from taking hold. She favors a restrictive monetary policy, delivered relatively quickly through smaller adjustments. Hammack warns that inflation is persistent and broad-based, taking time to come back down even with rate hikes.Why it mattersThe Federal Reserve's policy decisions impact the US economy, influencing inflation, employment, and growth. As inflation remains a concern, the Fed is considering its next steps. Hammack's comments reflect