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.....
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...
Hammack said the Federal Reserve is not involved in bitcoin, but is concerned about the development of cryptocurrencies.
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...
金十期货5月29日讯,据报道,克利夫兰联邦储备银行任命曾在高盛集团供职的Beth Hammack为下一任行长。Hammack在金融、资本市场和风险管理方面拥有30多年的经验。她将取代梅斯特,梅斯特将在担任该职位十年后于6月30日卸任。8月21日上任后,她将对今年的货币政策决定进行投票。52岁的Hammack于1993年加入高盛,担任过处理机构债券、利率和回购交易的各种职务。