Beth M. Hammack

Geography

In their time

Meetings by Chair

Powell15Warsh3

Policy rate

5.25–5.5% → 3.75–4%

−150 bp · Aug 2024 – Oct 2026

Rate moves

1 hike · 6 cuts

10 holds at their meetings

Seats held

• Reserve Bank PresidentCleveland2024–

  Aug 21, 2024 – present

Dissents on the record (3)

• July 28–29, 2026wanted tightercommittee: hold

  who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting

• April 28–29, 2026dissentedcommittee: hold

  who supported maintaining the target range for the federal funds rate but did not support inclusion of an easing bias in the statement at this time

• December 17–18, 2024wanted tightercommittee: cut 25

  President Hammack dissented because she preferred to maintain the target range for the federal funds rate at 4-1/2 to 4-3/4 percent, in light of uneven progress in returning inflation to 2 percent, the strength of the economy and the labor market, and the state of financial conditions. In her view, with the current federal funds rate not far from neutral, holding the funds rate at a modestly restrictive stance for a time was appropriate to ensure that inflation returns to 2 percent in a timely fashion.

Served alongside (231)