Fed’s Hammack Says ‘Some Number’ of Rate Hikes May Be Needed

Federal Reserve Bank of Cleveland President Beth Hammack said it’s possible a number of interest rate hikes may be needed to bring inflation down to the central bank’s 2% target,...

By Jonnelle Marte · Bloomberg Markets

Federal Reserve Bank of Cleveland President Beth Hammack said it’s possible a number of interest rate hikes may be needed to bring inflation down to the central bank’s 2% target, but she does not want to prejudge what the end point will be.