Fed’s Hammack says multiple rate hikes may be needed to tame inflation

Cleveland Federal Reserve President Beth Hammack on Monday said that she thinks there will be a need for more than one interest rate hike to prevent inflation from becoming more entrenched across the economy.Hammack made the comments in an interview with Yahoo Finance that followed her dissent from the Fed's decision to leave interest rates unchanged. She and two other members of the central bank's monetary policy panel voted in favor of raising interest rates by 25 basis points."I would say in