It’s Probably Time for the Fed to Do More, Says Economist Sahm

Economist Claudia Sahm of New Century Advisors suggests the Federal Reserve should begin raising rates due to shifts in the US inflation picture. Similarly, Beth Hammack, President of the Federal Reserve Bank of Cleveland, stated at the Jackson Hole Economic Policy Symposium that it is time to act. Hammack warned that delaying rate hikes will result in increased pain for everyday Americans, emphasizing the urgency for central banks to implement these monetary policy changes immediately.