Comments on Interest Rate Policy from Cleveland Fed President Hammack

Cleveland Fed President Beth Hammack Made Statements

Cleveland Federal Reserve President Beth Hammack will have a vote on the Federal Open Market Committee, the body responsible for the central bank's monetary policy, in 2026. Hammack stated that interest rates should remain stable for several months. This is a significant development for investors.

Hammack criticized last week's unexpectedly soft Consumer Price Index (CPI) report. She emphasized that this report was affected by data collection disruptions due to the government being closed.

Moreover, she noted that, all else being equal, Bitcoin should generally gain an advantage with a looser Federal Reserve monetary policy. However, she expressed that this was not the case in 2025.