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The head of the Cleveland Fed noted that she needs to see inflation returning to 2% sustainably and that current interest rates "may already be at or near neutral". Click to view...
Cleveland Fed President Beth Hammack said it would be appropriate to keep interest rates on hold for "some time" while policymakers wait for inflation to decline further and analyze the economic impact of the new administration's policies. "We've made good progress, but 2 percent inflation is yet to be seen," Hammack said in a note prepared for the event in Lexington, Kentucky, on Tuesday. "As long as the labor market remains healthy, I will look for inflation before further policy adjustments.....
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
Beth Hammack, president of the Federal Reserve Bank of Cleveland, explained why she voted no at this week's meeting, saying interest rates should be kept steady until more progress is made in reducing inflation. Hammack said she believed interest rates were near neutral levels that would neither drag down nor stimulate the economy, and suggested they should remain high enough to moderately constrain economic activity "for a period of time." In my estimation, monetary policy is not far from neutr...
NBA Cleveland Cavaliers active player Tristan Thompson (Tristan Thompson) recently mentioned the popular Meme coin WHY on the BNB Chain many times on X, and compared with the market value of SOL, BNB and WIF.
The 2024 FOMC voting committee and Cleveland Fed President Mester's interview with Bloomberg Television will be released in ten minutes.
The Federal Reserve Bank of Cleveland has named Beth Hammack, a former Goldman Sachs employee, as its next president, according to reports. Hammack has more than 30 years of experience in finance, capital markets and risk management. She will replace Meister, who steps down on June 30 after a decade in the role. She will vote on monetary policy decisions this year after taking office on August 21. Hammack, 52, joined Goldman in 1993 and has held various roles handling agency bonds, interest rate...
The 2024 FOMC voting committee and Cleveland Fed President Mester will speak on the economic outlook in ten minutes.
The 2024 FOMC voting committee and Cleveland Fed President Mester will speak in ten minutes.
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