Cleveland Fed President Says Rates Could Stay Steady

Hammack suggests interest rates may remain unchanged for an extended period.

Published on Feb. 10, 2026

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Beth Hammack, the President of the Federal Reserve Bank of Cleveland, indicated that interest rates could remain on hold for "quite some time" during a recent speech. Hammack cited the need to allow the full effects of previous rate hikes to work their way through the economy before making any further adjustments to monetary policy.

Why it matters

The Federal Reserve's interest rate decisions have a significant impact on the broader economy, affecting everything from consumer borrowing costs to business investment. Hammack's comments suggest the central bank may be taking a more cautious approach to future rate changes, which could provide stability for financial markets and consumers.

The details

In her remarks, Hammack noted that the Fed has already raised interest rates significantly over the past year in an effort to combat high inflation. She stated that the central bank now wants to assess how those previous hikes are affecting the economy before deciding on any additional moves.

  • Hammack made these comments during a speech on February 10, 2026.

The players

Beth Hammack

The President of the Federal Reserve Bank of Cleveland.

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What they’re saying

“Interest rates could be on hold for quite some time as we allow the full effects of our previous rate hikes to work through the economy.”

— Beth Hammack, President, Federal Reserve Bank of Cleveland (wn.com)

What’s next

Investors and economists will be closely watching for any further signals from the Federal Reserve about the future path of interest rates.

The takeaway

The Federal Reserve appears to be adopting a more cautious approach to future rate hikes, suggesting a period of stability may be ahead for the economy and financial markets.