-
Cleveland Fed’s Hammack warns of 'challenging time' amid inflation worries
Cleveland Federal Reserve President Beth Hammack on Monday said the U.S. central bank faces challenges as it attempts to balance fighting stubborn inflation or protecting jobs. “On the inflation side right now, I continue to be worried about where we are from an inflation perspective,” Hammack told CNBC’s “Squawk Box Europe.” “We have been missing our mandate on the inflation side, our objective of 2%, for more than four-and-a-half years and I continue to see that we have pressure in inflation both in the headline, in the core, and particularly, where I am worried about it, is I’m seeing it in the ...
- Comments / Top
- Subscribe
-
Related Stories
Federal Reserve Bank of Cleveland President Beth Hammack estimated on Monday that inflation will not drop to the 2% target before the end of 2027 or early 2028, citing upside pressure, particularly in services, and uncertainty surrounding the impact of tariffs. Speaking to CNBC, she insisted that the Fed must maintain a restrictive monetary policy. Hammack ...
Fed's Hammack: Inflation is too high and the trend is in the wrong direction FED'S HAMMACK SAYS ELEVATED SERVICES PART OF INFLATION IS RESTING CONCERNS FED'S HAMMACK: SEES FRAGILITY IN JOB MARKET DATA FEDERAL RESERVE'S HAMMACK WARNS OF EARLY SIGNS OF WEAKNESS IN JOB MARKET, NOTICING CHANGES IN LABOR DATA
This annual conference, hosted by the European Central Bank (ECB) and the Center for Inflation Research at the Federal Reserve Bank of Cleveland, brings together top researchers and policymakers from academia, central banks, and other policy institutions to present research findings related to inflation.
