# Macro & Fed News, Oct 13, 2026: Fed's Hammack backs restrictive stance as minutes point to another 2026 hike

> Cleveland Fed President Beth Hammack said on Oct. 12 that a restrictive policy stance is appropriate to return inflation to 2%. Fed minutes show most…

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- **Updated:** 2026-10-13
- **Category:** news
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## Key data

- **Desk:** Macro & Fed
- **Date:** Tue, Oct 13, 2026
- **Stories:** 5
- **Outlets cited:** 4
- **Items screened:** 4
- **Freshness:** last 48h

Cleveland Fed President Beth Hammack said on Oct. 12 that a restrictive policy stance is appropriate to return inflation to 2%. Fed minutes show most officials expect another increase this year. ## Hammack says restrictive policy is warranted, favors quick small moves Cleveland Fed President Beth Hammack, a voting member of the policymaking committee, told the National Association of Business Economics gathering on Oct. 12 that a restrictive stance is appropriate to secure a timely return to 2 percent inflation. She said smaller adjustments made relatively quickly are generally preferable to waiting and risking a …

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## Sources

1. [Beth Hammack on Fed policy and inflation risks](https://www.cnbc.com/2026/10/12/beth-hammack-fed-inflation-policy.html)
2. [Fed minutes: Another rate hike likely coming this year to combat persistent inflation - ABC11 Raleigh-Durham](https://abc11.com/story/fed-minutes-another-rate-hike-coming-year-combat-persistent-inflation/19929930)
3. [Fed officials are warning of more pain. Many Americans are already feeling it](https://www.cnn.com/2026/10/12/economy/federal-reserve-inflation-pain)
4. [Inflation and job growth: Why American consumers keep spending](https://www.nbcnews.com/business/consumer/inflation-job-growth-consumer-spending-rcna603044)

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