Cleveland Federal Reserve Bank President Beth Hammack emphasized the need to maintain a certain level of tight monetary policy to effectively combat persistent inflationary pressures. Speaking recently, Hammack indicated that current interest rate levels are necessary to curb rising prices and bring inflation back to the Fed's target range. Hammack also highlighted the potential impact of tariffs on inflation, stating that she anticipates tariffs will continue to contribute to upward price pressures until at least early next year. These factors underscore the complexity of the current economic landscape and the challenges facing the Federal Reserve in its efforts to achieve price stability while maintaining economic growth. The Fed remains committed to monitoring economic data closely and adjusting monetary policy as needed. ```