✉news BusinessBanking first seen 15 h ago, last 3 h ago, peak #18
Fed's Hammack warns inflation expectations could deteriorate
Original: Fed's Hammack worried inflation expectations could deteriorate
Cleveland Federal Reserve President Beth Hammack said she is concerned that US inflation expectations could deteriorate, a warning that matters because unanchored expectations can make price pressures harder to bring down. Her remarks add to debate over how long the Fed should hold interest rates at restrictive levels while inflation remains above its 2% target.
Why now: Markets are watching Fed officials for clues on the interest-rate path as inflation stays above target.
Evidence
- Fed's Hammack worried inflation expectations could deteriorate · NST Online
- Fed's Hammack worried inflation expectations could deteriorate · Reuters
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