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Fed Should Continue to Shrink Balance Sheet, Cleveland Fed’s Hammack Says
She pointed to potential costs when the central bank lets its reserves stay too large.
Fed's Hammack Sees More Runway for Fed Balance Sheet Cuts
FILE PHOTO: Beth Hammack, who started her job as president of the Federal Reserve Bank of Cleveland on August 21, 2024, heads ...
Trump tariffs: Ohio businesses note impact on customers, supply in Cleveland Fed survey
President Trump's new tariffs on imports from countries such as China, Canada and Mexico have gone into effect, and some Ohio ...
WYSO Public Radio1d
Local businesses tell Cleveland Fed tariffs will raise prices and decrease demand
The Federal Reserve Bank of Cleveland asked firms in the district how tariffs may impact them in a February survey. Companies ...
Fed's Hammack sees steady monetary policy as central bank seeks more data
Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty ...
Report: Kentucky businesses tell federal bank they expect price hikes due to tariffs
The survey by the Cleveland Federal Reserve Bank of businesses in parts of Kentucky, Ohio, Pennsylvania and West Virginia ...
Crain's Cleveland Business6d
Cleveland Fed’s Hammack sees wide-ranging possibilities for economy, rates
Federal Reserve Bank of Cleveland President Beth Hammack said she’s keeping an open mind about the direction of interest ...
US bank regulator lays out plans for 20% staff reduction, emails says
A top U.S. bank regulator told staff on Monday that it plans to cut its workforce by roughly 20% as part of the Trump ...
A primer on the Federal Reserve's independence
President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high.
Crain's Cleveland Business7d
Cleveland Fed’s Hammack sees strong case for steady rates amid tariffs
Federal Reserve Bank of Cleveland President Beth Hammack said there is good reason for officials to hold interest rates at current levels until there is more clarity on how tariffs and other policy ...
WVXU1d
Local businesses tell Cleveland Fed tariffs will raise prices and decrease demand
A report from the Federal Reserve Bank of Cleveland found local businesses anticipate tariffs will cause them to raise prices. A new report from the Federal Reserve Bank of Cleveland released ...