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Hammack: Lake Effect- Views from the Fourth District on the Economy and Monetary Policy
Good afternoon. It’s an honor to join the ranks of speakers who have engaged with the City Club of Cleveland. I’m a fan of your mission to create conversations of consequence that help democracy thrive, and I hope to contribute to that tradition today. I look forward to your questions, in particular because understanding what’s on your minds is an important part of my job as Cleveland Fed president. I’ve been in Cleveland for about four months, but it isn’t my first time in the city. My husband grew up in Shaker Heights, and his family continues to call the region home, so I was familiar with the area and ... (full story)
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FED’S HAMMACK: EXPECTS SOLID GROWTH, LOW UNEMPLOYMENT, GRADUAL INFLATION EBBING || DATA WILL DRIVE WHAT FED DOES WITH MONETARY POLICY || MONETARY POLICY LIKELY ‘SOMEWHAT RESTRICTIVE’
— First Squawk (@FirstSquawk) December 6, 2024
FED’S HAMMACK: FED HAS MORE WORK TO DO TO COOL INFLATION || ECONOMY IS STRONG, LABOR MARKET IS…
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FED’S HAMMACK: FED ‘AT OR NEAR’ TIME TO SLOW PACE OF RATE CUTS || HAMMACK: ‘OPEN MIND’ ABOUT DECEMBER FOMC MEETING, MORE DATA INCOMING || MARKET VIEW OF ONE CUT BETWEEN NOW AND LATE JANUARY REASONABLE
— First Squawk (@FirstSquawk) December 6, 2024
FED’S HAMMACK: SLOWING PACE OF RATE CUTS ALLOWS FED TIME TO SOUND ECONOMY ||…