Fed’s Hammock is nervous about Fed policy given high inflation

NEW YORK (Reuters) -Federal Reserve ​Bank of Cleveland ‌President Beth Hammack said Thursday she’‌s concerned monetary policy may not be in the right place to deal ⁠with current ‌inflation.

“I think we’re pretty close ‍to neutral right now, which makes me a little ​bit nervous, given ‌that I see the bigger mess on the inflation side” of the Fed’s goals versus the ⁠job market, ​which is still ​largely holding together, the official said at ‍a ⁠gathering of the Economic Club of New York.

⁠(Reporting by Michael S. ‌Derby, Editing by ‌Franklin Paul)