Cleveland Fed President Beth Hammack warns inflation remains stubbornly above the 2% target, flags AI-driven demand as a new pressure, and signals caution

Cleveland Fed President Beth Hammack warns inflation remains stubbornly above the 2% target, flags AI-driven demand as a new pressure, and signals caution

Hammack signals potential rate hikes to combat inflation. No change in Fed rates after September 2026 at 61.5% YES.