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Beth Hammack, one of three dissenters at the Fed's July meeting, says inflation must return to 2% faster than the current path allows
Brian Kaiser/Bloomberg via Getty Images
Cleveland Federal Reserve Bank President Beth Hammack reiterated her call Thursday for an immediate interest rate increase, arguing that inflation running above 3% is too high and that current policy is not doing enough to bring it down, according to Reuters.
"I think that we need to act now because I think we need to bring inflation back down to that 2% objective faster than what a longer-term glide path would say with interest rates at this level," Hammack said at the Dayton Area Chamber of Commerce in Dayton, Ohio.
