Cleveland Fed President Beth Hammack explained why she voted against at this week's rate-setting meeting, saying that the interest rate should be kept stable until further progress is made in reducing inflation. Hammack said she believed that the interest rate was close to a neutral level that would neither drag down nor stimulate the economy, and suggested that it should remain high enough to moderately restrict economic activity for a period of time. In a statement released on Friday, Hammack wrote, 'Based on my estimation, the monetary policy is not far from a neutral stance, and I tend to keep the policy unchanged until we see further evidence that the inflation rate is falling back to our 2% target.'
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
投唯一反对票的美联储官员Hammack强调通胀担忧,称para politikası离中性不远
Cleveland Fed President Beth Hammack explained why she voted against at this week's rate-setting meeting, saying that the interest rate should be kept stable until further progress is made in reducing inflation. Hammack said she believed that the interest rate was close to a neutral level that would neither drag down nor stimulate the economy, and suggested that it should remain high enough to moderately restrict economic activity for a period of time. In a statement released on Friday, Hammack wrote, 'Based on my estimation, the monetary policy is not far from a neutral stance, and I tend to keep the policy unchanged until we see further evidence that the inflation rate is falling back to our 2% target.'