Fed inflation debate intensifies as alternative gauge signals cooling prices

Fed's Harker stated that the Federal Reserve could act soon if inflation remains persistently high.

Hammack warns that the Fed may need to take action as inflation moves higher.

Cleveland Fed President Hammack warns that the central bank may need to act if inflation remains persistently high.

Cleveland Federal Reserve President Beth Hammack has warned that the central bank might need to take action regarding inflation.

Fed official Hammack suggested that the Federal Reserve might take action soon if inflation does not show signs of cooling down.