{
  "id": 3967576,
  "title": "Fed's Hammack: Time for Fed to act with rate hikes",
  "url": "https://urgent.news/2026/08/28/feds-hammack-time-for-fed-to-act-with-rate-hikes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T13:16:12.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/feds-hammack-time-for-fed-to-act-with-rate-hikes-202608281316"
  },
  "original_language": "en",
  "account": "In an interview with Bloomberg, Cleveland Federal Reserve President Beth Hammack stated that it is time for the Fed to act with rate hikes, as waiting will cause pain. While inflation is projected to end the year at around 3%, falling short of the target, there are no signs of restrictive financial conditions. Communicating Fed issues to the public is a crucial part of Hammack's role. Hammack emphasized that markets are complementary to the Fed but not substitutes. The Fed's credibility hinges on fulfilling its dual mandate of price stability and full employment. The absence of economic restriction and the use of interest rates as the most easily understood tool suggest a hawkish stance on policy action.",
  "summary": "In an interview with Bloomberg on Friday, Cleveland Federal Reserve (Fed) President Beth Hammack said that it is time for the Fed to act with rate hikes, arguing that waiting will create pain.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Winnipeg Free Press",
        "title": "Fed Chair Warsh signals rate hikes may be needed with inflation still elevated",
        "url": "https://urgent.news/2026/08/28/fed-chair-warsh-signals-rate-hikes-may-be-needed-with-inflation-still",
        "published": "2026-08-28T13:23:40.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "High inflation could lead to rate hikes: Fed chief",
        "url": "https://urgent.news/2026/08/28/high-inflation-could-lead-to-rate-hikes-fed-chief",
        "published": "2026-08-28T14:44:41.000Z"
      },
      {
        "outlet": "ABC News (US)",
        "title": "Fed Chair Warsh signals rate hikes may be needed with inflation still elevated",
        "url": "https://urgent.news/2026/08/28/fed-chair-warsh-signals-rate-hikes-may-be-needed-with-inflation-still-3980468",
        "published": "2026-08-28T14:54:26.000Z"
      },
      {
        "outlet": "Global News",
        "title": "Rate hikes may be coming amid inflation, new U.S. Fed chief signals",
        "url": "https://urgent.news/2026/08/28/rate-hikes-may-be-coming-amid-inflation-new-u-s-fed-chief-signals",
        "published": "2026-08-28T16:02:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}