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Top Fed Official, Wary of Inflation, Calls for Extended Rate Pause

Beth M. Hammack, head of the Federal Reserve Bank of Cleveland, says it is too early to gauge the economic impact of the Iran war and backs holding interest rates steady for “quite some time.”

© Daniel Lozada for The New York Times

Beth M. Hammack, president of the Federal Reserve Bank of Cleveland, said the Fed should be in no rush to cut interest rates.
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