Federal Reserve Official Hammack: Interest rates should be kept unchanged before inflation falls further
According to Golden Finance, Cleveland Federal Reserve President Beth Hammack stated that it is appropriate to keep interest rates unchanged for "a period of time" while policymakers wait for further downward inflation and analyze the economic impact of new government policies. "We have made good progress, but 2% inflation is not yet visible," Hammack said in a speech prepared for an event in Lexington, Kentucky on Tuesday.
"As long as the labor market remains healthy, I will look for broad evidence of sustainable return to 2% inflation before further adjusting policy." Hammack outlined two key factors requiring patience with monetary policy. She pointed out that there are persistent risks of rising inflation, including strong consumer spending and possible lag effects from last year's rate cuts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A look at the highlights of Fed Chair Powell's semi-annual monetary policy testimony
BTC falls below 96,000 USDT
Fed Chair Powell Calls for ‘Revisiting’ Crypto's De-Banking
Fed Chair Powell: Neutral Rate Has Risen