[Hammack, the only Fed official who voted against the bill, stressed inflation concerns and said monetary policy is not far from neutral] Golden Finance reported that Beth Hammack, president of the Federal Reserve Bank of Cleveland, explained why she voted against the bill at this week's interest rate meeting, saying that interest rates should be kept stable until more progress is made in reducing inflation. Hammack said she believes that interest rates are close to a neutral level that neither drags down nor stimulates the economy, and suggested that interest rates should be maintained at a high level that is high enough to moderately restrict economic activity "for some time." Hammack wrote in a statement released on Friday, "Based on my estimates, monetary policy is not far from a neutral position, and I am inclined to keep policy unchanged until we see further evidence that inflation is falling back to our 2% target."