Cleveland Fed's Hammack casts doubt on interest rate cuts amid inflation worries
1. Fed's Hammack hesitant to cut rates, prioritizing inflation control. 2. Current rates between 4.25%-4.5%; Hammack supports restrictive policies. 3. Markets expected cuts after Powell's speech, now facing skepticism. 4. Schmid also opposes rate cuts, emphasizing caution on inflation. 5. Inflation concerns persist, affecting future monetary policy decisions.