A post by @FirstSquawk on X.

Cleveland Fed President Beth Hammack said the Federal Reserve has been falling short of its inflation mandate for years, according to remarks flagged by First Squawk. The comment signals continued concern among policymakers even as the central bank weighs the timing of rate cuts. It matters because persistent inflation undershooting or overshooting debates shape the path for interest rates, which in turn drive borrowing costs and asset valuations across markets. Investors will watch upcoming inflation data and Fed communications for whether other officials echo Hammack’s view.