Fed's Hammack Expects Rates to Stay Steady for Some Time
Cleveland Fed President Beth Hammack expects rates to stay steady for some time. She cited persistent inflation and uncertainty as reasons for a neutral policy.
Xurve View
Xurve View
United States Federal Reserve official Beth Hammack expects interest rates to remain steady at 3.5% to 3.75% for "quite some time." Hammack recently dissented against policy language implying future cuts, marking the largest board split since 1992. Investors must prepare for prolonged restrictive policy as inflation exceeds the 2% target for more than five years.
