The U.S. official who is most serious about fighting inflation is in Cleveland
1. Federal Reserve aims for 2% inflation but current rate is 3%. 2. Hammack emphasizes persistent inflation impacting low-income families in her region. 3. Rate cuts could lead to higher prices as inflation remains above target. 4. Market sentiment expects aggressive rate cuts from new Fed chair, creating uncertainty. 5. Hammack stands against further cuts without improved inflation outlook.