Cleveland Fed President and FOMC voting member Hammark explicitly supports a December rate hike. Hammark believes the Fed needs to further raise interest rates to bring monetary policy into a more restrictive range in order to bring inflation back to the 2% target in a timely manner. In her recent remarks, she mentioned that US inflation has been above target for nearly six years, so she prefers to raise interest rates more frequently and in smaller increments, where possible. This would have a smaller impact on households, businesses, and financial markets, and would also reduce the risk of policy lag and entrenched inflation expectations. At the October policy meeting, Hammark and Cook were both very hawkish, voting in favor of a 25 basis point rate hike on the spot. This speech further reinforces expectations that she will vote for another rate hike in December. However, I think most people already expect the Fed to raise rates again in December. A @Gate account for more market insights.