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Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack - CNBC

CNBCOctober 12, 2026
Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack - CNBC
Image: CNBC

Cleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be needed to bring down inflation and the central bank should make fast, incremental adjustments. "Whe…

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