Fed's Hammack: higher rates may be needed to curb inflation mindset
AI-generated briefing · First published
Cleveland Fed President Beth Hammack said tighter policy could be required to return inflation to 2%.
Cleveland Fed President Beth Hammack said Monday that tighter monetary policy might be needed to bring inflation down and that the central bank should make fast, incremental adjustments. [1] [2]
Hammack, a voting member of the Fed's policymaking committee, said a restrictive stance is appropriate to ensure a timely return to 2% inflation. She warned that persistently high inflation raises the risk of an inflationary mindset becoming entrenched. [1] [2]
The Fed raised rates last month for the first time in three years. Traders see a nearly 88% chance of another hike at the December meeting. [1] [2]
Sources
- 美联储哈马克：随着“通胀心态”形成的风险上升，可能需要更高利率
Sina Finance · · Full text
- Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack
CNBC · · Full text