---
title: "Federal Reserve official Hammack: Interest rates should be kept unchanged to curb inflation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265781650.md"
description: "Cleveland Federal Reserve President Beth Hammack stated that the Federal Reserve should keep interest rates unchanged to continue reducing inflation. In her remarks at the Pittsburgh Economic Club, she pointed out that despite concerns about the labor market, high inflation persists, particularly hurting low- and middle-income families. Hammack expects inflationary pressures to last until the end of this year and extend into early next year"
datetime: "2025-11-13T19:35:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265781650.md)
  - [en](https://longbridge.com/en/news/265781650.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265781650.md)
---

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# Federal Reserve official Hammack: Interest rates should be kept unchanged to curb inflation

Cleveland Federal Reserve President Beth Hammack stated that the Federal Reserve should keep interest rates unchanged to continue reducing inflation.

In a fireside chat at the Pittsburgh Economic Club on Thursday, Hammack said, "Overall, I believe we need to maintain a certain degree of restrictiveness to continue applying pressure to bring inflation back to our target."

Hammack reiterated her earlier comments on Thursday, stating that while she is concerned about the labor market, high inflation has persisted, particularly hurting low- and middle-income families.

Federal Reserve officials cut rates for the second consecutive meeting last month, lowering the benchmark rate to a target range of 3.75%-4%, which is at or near the level some policymakers estimate is no longer constraining the economy. Hammack noted that the current rates "have almost no restrictive effect, if they can be considered restrictive," and added that her forecast for the so-called neutral rate is at the high end of the range estimated by 19 Federal Reserve officials.

She said, "To maintain a restrictive stance in policy, we need to keep interest rates around these levels."

Hammack indicated that she expects inflationary pressures to persist until the end of this year and extend into early next year. She mentioned that businesses have so far absorbed a significant amount of inflation caused by tariffs but are now looking for ways to pass on rising costs to consumers

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