JUST IN FROM JACKSON HOLE 🇺🇸 CLEVELAND FED PRESIDENT BETH HAMMACK: NOW IS THE TIME TO ACT. INFLATION HAS RUN ABOVE TARGET FOR MORE THAN FIVE YEARS. CURRENT

JUST IN FROM JACKSON HOLE 🇺🇸 CLEVELAND FED PRESIDENT BETH HAMMACK: NOW IS THE TIME TO ACT. INFLATION HAS RUN ABOVE TARGET FOR MORE THAN FIVE YEARS. CURRENT POLICY IS NOT RESTRICTIVE. THE LONGER WE WAIT, THE HARDER AND MORE PAINFUL IT GETS FOR HOUSEHOLDS AND BUSINESSES. RATE HIKES ARE NEEDED.