The Federal Reserve announced another 25 basis point cut at its December meeting on Wednesday and indicated it expects to cut interest rates only twice in 2025. The decision was split, with Cleveland ...

Cleveland Fed President Beth Hammack, who took over the post this summer, dissented with the committee’s decision to cut rates. Hammack, who succeeded Loretta Mester , preferred holding the ...

The Federal Reserve should pause in January to assess where the economy is headed, two former Fed officials said this week. Former Cleveland Fed President Loretta Mester said a pause in January would ...

A fresh inflation reading that met Wall Street expectations is likely to keep the Federal Reserve on track to cut interest ...

In the news: The Cleveland ... as its next president and CEO effective Aug. 21. She succeeded Loretta Mester as the central bank’s 12th president and the fourth woman to hold the post. Hammack is also ...

Investors are betting a final 2024 rate cut this week is a sure thing from the Federal Reserve this week, but the bigger ...

A fresh inflation reading that met Wall Street expectations is likely to keep the Federal Reserve on track ... former Cleveland Fed president Loretta Mester told Yahoo Finance as inflation ...