Fed Divided on Inflation Next Move | Spokane News

Cleveland Fed President Beth Hammack is urging another rate hike, warning that inflation remains stubbornly high and the job market is at its peak—setting up a major debate for the July Fed meeting. She cited a 3.3% jump in core inflation for June, echoing her past criticisms of too-lenient policy. Meanwhile, New York Fed President John Williams remains optimistic, pointing to slowing wage growth and cooling housing costs as signs inflation will ease. Fed Chair Kevin Warsh stays silent on future moves, refusing to give forward guidance. While overall consumer prices rose 3.5% in June—better than expected—Fed Governor Christopher Waller remains skeptical, insisting multiple months of declining inflation are needed before he’s convinced the Fed’s 2% target is in sight. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bfc480a71cbabbf9