Hammack, Fed

Fed's Hammack says rates likely on hold for some time
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday she expects U.S. central bank interest rate policy is on hold for the time being amid a hunt for evidence that inflation pressures are easing back to the 2% target.
Cleveland Fed’s Hammack Advocates Patience on Further Cuts
Federal Reserve Bank of Cleveland President Beth Hammack says the Fed should continue to be cautious with further interest-rate cuts amid slower recent progress getting inflation back to the central bank’s 2% target.
Fed’s Hammack Says Rates on Hold, Not Meaningfully Restrictive
Federal Reserve Bank of Cleveland President Beth Hammack said interest rates are not “meaningfully restrictive” and should be held steady for some time as officials wait for evidence inflation is returning to their 2% target.
Cleveland Fed's Hammack looking for more progress on inflation
Cleveland Fed President Beth Hammack endorses a patient approach in assessing further Federal Open Market Committee policy adjustments. "A patient approach will allow us time to monitor the trajectories for the labor market and inflation and how the economy in general is performing in the current rate environment,
Fed's Hammack: '2% Inflation Is Not In Sight'
The Fed plans to maintain interest rates as they monitor inflation and job market. Policymakers remain cautious due to economic uncertainties.
Fed's Hammack Says Policy Likely Near Neutral
The Fed's 2024 rate cuts, as well a possible rise in the neutral interest rate, could mean that the Fed's policy setting might not be doing much to restrain the economy anymore, Cleveland Fed President Beth Hammack says at Columbia University in New York City.
Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central ...
Inflation Eased Slightly in January, Fed’s Preferred Gauge Showed
Thomas Ryan, an economist at Capital Economics, attributed the decline in part to “unseasonably severe winter weather,” but ...
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Small inflation uptick leaves Fed waiting for signal to move
The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of ...
The Fed should continue slow balance sheet runoff, Hammack says
The Federal Reserve should keep shrinking its balance sheet, albeit slowly, through a period of fiscal uncertainty, Cleveland ...