Fed’s Hammack dissents on easing bias amid inflation concerns in World Economy News 04/05/2026 Cleveland Federal Reserve President Beth Hammack dissented from the Federal Open Market Committee’s post-meeting statement on Friday, objecting to language that suggested further interest rate cuts may be ahead. Hammack supported keeping the federal funds rate unchanged at this week’s FOMC meeting but disagreed with the inclusion of an easing bias in the statement. The current statement references “additional adjustments,” language originally intended to signal a pause rather than an end to the easing cycle. “I see this clear easing bias as no longer appropriate given the outlook,” Hammack said. The Cleveland Fed president cited resilient US economic activity in 2026 and an unemployment rate that has remained largely stable near her estimate of full employment since last summer. She pointed to broad-based inflation pressures and rising oil prices as additional sources of inflationary concern. Hammack described the economic outlook as highly uncertain, with upside risks to inflation and downside risks to growth and employment. This uncertainty, she said, makes the future path for monetary policy more uncertain as well. The dissent highlights divisions within the Fed as policymakers navigate conflicting economic signals. Hammack emphasized that diverse viewpoints strengthen the policy process and said she looks forward to working with FOMC colleagues to set monetary policy toward the goals of maximum employment and price stability. Source: Investing.com 2026-05-04 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share