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Fed's Hammack warns inflation expectations could deteriorate

Original: Fed's Hammack worried inflation expectations could deteriorate

Beth Hammack, president of the Federal Reserve Bank of Cleveland, said she is concerned that inflation expectations among consumers and businesses could worsen if price pressures persist. Her comments add to a debate within the US central bank over how long to keep interest rates elevated while policymakers wait for clearer evidence that inflation is returning to the 2% target.

Why now: Investors are closely watching Fed officials' remarks for signals about the path of interest rates amid persistent inflation concerns.

Beth HammackFederal ReserveCleveland Fed

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• Fed's Hammack worried inflation expectations could deteriorate · NST Online
• Fed's Hammack worried inflation expectations could deteriorate · Reuters

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