Cleveland Federal Reserve

Fed, Cleveland

Cleveland Fed chief advocates for steady interest rates amid inflation concerns

Federal Reserve Bank of Cleveland President, Beth Hammack, has advocated for maintaining current interest rates for an undetermined period. This comes as policymakers continue to monitor inflation rates and assess the impact of new governmental policies on the economy.

Crain's Cleveland Business · 1d

Cleveland Fed's Hammack says rates on hold until inflation ebbs further

Federal Reserve Bank of Cleveland President Beth Hammack said it’s appropriate to keep interest rates steady for “some time” while policymakers await further downward progress on inflation and analyze the economic effects of new government policies.

MarketWatch · 1d

Cleveland Fed's Hammack: Appropriate to Hold Rates Steady for 'Some Time'

Hammack, a former finance executive at Goldman Sachs who began leading the Cleveland Fed last year, cited high stock valuations and other market-based metrics to suggest that "we may be at or close to a neutral setting already," that is, a policy stance that is neither boosting nor restraining the economy.

Fed Official Warns of Tariffs' Inflation Risk

Just before Federal Reserve Chair Jerome Powell was due to testify before the Senate, one of the central bank's top officials ...

Business Journal Daily2d

Cleveland Fed Creates Shenango-Mahoning Council

The Federal Reserve Bank of Cleveland has created a 17-member Shenango-Mahoning Valley Business Advisory Council.

2hon MSN

US inflation accelerated last month: See where prices are heading higher

Rising costs of groceries, gasoline, and rents contribute to the unexpected boost in inflation, dampening business enthusiasm ...

Hosted on MSN27d

Cleveland’s employment recovery among slowest in U.S., Fed report reveals

Russell Mills, a senior regional officer of the Federal Reserve Bank of Cleveland and one of the report’s authors, said this may be due to people moving to new locations after the pandemic.

Knisley appointed to Central Ohio Advisory Council

The Federal Reserve Bank of Cleveland has appointed Mike Knisley to its Central Ohio Advisory Council. Knisley is the executive security treasurer of the Ohio State Building and Construction Trade, ...

The Business Journals13d

Cleveland startup Neuronoff wins nearly $5M in federal funding

Based at Case Western Reserve University's startup incubator in Cleveland, Neuronoff has been ... funding to $9.1 million and demonstrate strong federal and state support for advancing micro ...

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