Cleveland Fed President Beth Hammack says if recent trends continue, rate hikes may "soon" be appropriate  “If we wait for definitive evidence that high inflation has become embedded in the economy, it may require larger policy adjustments, at greater cost.” https://www.clevelandfed.org/collections/speeches/2026/sp-20260602-it-takes-two-to-make-an-economy-go-right(Nick Timiraos)