Fed's Hammack Backs Rate Hike to Rein in Inflation

Interest Rates are "the clearest, most transparent, easiest-to-communicate tool that we have,” says Cleveland Fed President Beth Hammock, adding that there’s a long history showing the impact of interest rate moves on the economy. She spoke with Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee in Jackson Hole, Wyoming. (Source: Bloomberg)