US Market: Fed's Hammack warns against inflation becoming entrenched in economy
Federal Reserve Bank of Cleveland President Beth Hammack warned that persistently high inflation could entrench elevated price expectations among US households and businesses. She said monetary policy may not yet be sufficiently restrictive, citing resilient demand, strong business investment and a stable labour market. Hammack also noted that rising US bond yields reflect higher real interest...
Key Takeaways
- Federal Reserve Bank of Cleveland President Beth Hammack warned that persistently high inflation could entrench elevated price expectations among US households and businesses.
- She said monetary policy may not yet be sufficiently restrictive, citing resilient demand, strong business investment and a stable labour market.
- Hammack also noted that rising US bond yields reflect higher real interest rates and a solid economic outlook.
Federal Reserve Bank of Cleveland President Beth Hammack warned that persistently high inflation could entrench elevated price expectations among US households and businesses. She said monetary policy may not yet be sufficiently restrictive, citing resilient demand, strong business investment and a stable labour market. Hammack also noted that rising US bond yields reflect higher real interest rates and a solid economic outlook.
Original Publisher Attribution
This summary was curated from Economic Times.