Federal Reserve Bank of Cleveland President Beth Hammack said it’s possible a number of interest rate hikes may be needed to bring inflation down to the central bank’s 2% target, but she does not want to prejudge what the end point will be.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-10/fed-s-hammack-says-some-number-of-rate-hikes-may-be-needed)