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Federal Reserve Watch for Nov. 6: Hammack Argues Against Further Rate Reductions
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Federal Reserve Watch for Nov. 6: Hammack Argues Against Further Rate Reductions
Nov 6, 2025 12:17 PM

02:51 PM EST, 11/06/2025 (MT Newswires) -- Cleveland Fed President Beth Hammack (nonvoter) said that inflation remains high, arguing against a further rate cut and saying that monetary policy remains only "barely restrictive."

Recent comments of note:

(Nov. 5) Fed Governor Steven Miran (voter) said in an interview with Yahoo Finance that he believes it would be appropriate for the FOMC to continue lowering interest rates at its December meeting despite the lack of government data releases, indicating that he would like to get the policy rate closer to neutral quickly.

(Nov. 4) Fed Vice Chair for Supervision Michelle Bowman (voter) said that the softening jobs market is a greater issue currently than inflation being slightly above target.

(Nov. 3) Fed Governor Lisa Cook (voter) said that the path of monetary policy is not predetermined and will continue to be based on incoming information when it is available, noting the risks of lowering interest rates too early or too late, and saying that the December FOMC meeting remains a live meeting after other officials have said that another rate cut at that meeting is not an uncertainty.

(Nov. 3) Chicago Fed President Austan Goolsbee (voter) said in an interview with Yahoo Finance that inflation remains a concern and suggest that preemptive cuts are not the best course of action.

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