Fed's Hammack Says Inflation Still Too High, Rate Hikes Possible

Federal Reserve Bank of Cleveland President Beth Hammack told CNBC on Tuesday that inflation is still too high, and the Fed may need to consider further rate hikes. She described the U.S. economy as resilient, with the labor market near full employment and growth remaining solid.

The hawkish remarks underscore the Fed's ongoing battle against inflation, which could influence currency markets. Traders will monitor upcoming Fed statements for additional policy signals.