Beth M. Hammack, head of the Federal Reserve Bank of Cleveland, says it is too early to gauge the economic impact of the Iran war and backs holding interest rates steady for “quite some time.”
Long before the United States and Israel attacked Iran and energy prices soared, Beth M. Hammack, president of the Federal Reserve Bank of Cleveland, harbored concerns about inflation.
For roughly five years, the Fed has exceeded its 2 percent target... [1811 chars]