Federal Reserve's Hamak: There is no need to adjust interest rates after consecutive rate cuts; rates will remain unchanged at least until spring.

PANews reported on December 21 that, according to Jinshi News, Federal Reserve official Hammark stated that after three consecutive rate cuts at its past meetings, there is no need to adjust interest rates in the coming months. Hammark opposed the recent rate cuts because she is more concerned about persistently high inflation than potential labor market fragility. Hammark is not a voting member of the interest rate setting committee this year but will become one next year.

In an interview with The Wall Street Journal's Take On the Week podcast on Thursday, she said, "My base case is that we can keep interest rates at their current levels for some time, at least until the spring. Until we get clearer evidence that either inflation is falling back to the target level or there is more substantial weakness in the labor market."