Federal Reserve's Harker says interest rates are not significantly restricting the economy, inflation remains too high

LootboxPhobia · 2026-02-11T22:38:09+00:00

Cleveland Federal Reserve Bank President Loretta Mester stated that current interest rates have not significantly constrained the U.S. economy, and inflation remains too high. She believes the Federal Reserve should maintain its current policy stance while noting that consumer spending remains steady and the labor market is becoming more balanced.

LootboxPhobia

2026-02-11 22:38:09

Abstract generation in progress

Investing.com – Cleveland Federal Reserve Bank President Beth Hammack said on Wednesday that interest rates have not significantly constrained the U.S. economy, while also noting that inflation remains too high.

Speaking at an event in Columbus, Ohio, Hammack observed that the labor market appears to be stabilizing and finding a healthy balance.

Although she expressed concerns about inflation, Hammack stated that the Federal Reserve should maintain its current policy stance. “At the moment, I believe the Fed should stay on hold,” she said.

Hammack also pointed out that consumer spending continues to remain steady, primarily driven by high-income households.

Her comments come as policymakers weigh economic data to determine the appropriate timing for potential rate adjustments.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.