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Cleveland Fed President: Maintaining interest rates at current levels is a reasonable choice

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Golden Finance reports that on June 3rd, Cryptoquant analyst Axel Adler Jr. disclosed on the X platform that Beth Hammack, President of the Cleveland Federal Reserve (considered one of the more hawkish officials within the Federal Reserve), stated that she currently believes maintaining interest rates unchanged is an appropriate policy choice. Hammack pointed out that, compared to the risks faced by the still-robust labor market, inflation consistently above the Federal Reserve's 2% target level is of greater concern. She further stated that if the current inflation trend continues, the Federal Reserve may soon need to shift towards a more tightening monetary policy to prevent inflation from remaining stably above the target level in the long term.
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