Fed's Hammack: Inflation expectations have been contained, and that's good

Fed's Hammack: Financial conditions are ‘quite accommodative’ right now Fed's Hammack: Rate Cuts Risk Prolonging High Inflation, Could Also Encourage Financial Market Risk-Taking - Financial Conditions Right Now ‘Quite Accommodative’ - Stablecoins, Private Credit Merit Watching - Financial System And Household Finances In Good Shape, Banks Are Well… Hammack: Opening Remarks Good morning, and welcome to the Cleveland Fed’s 2025 Financial Stability Conference. After 13 years, this series has proven its value as the place to be for financial stability researchers, regulators, and practitioners. It was created at a time when the Global Financial Crisis was still fresh in our minds. Since then, many of you have contributed to a growing body of work identifying new vulnerabilities in the financial system and developing tools to counteract shocks that come our way. The pandemic shock—and the Fed’s robust and effective response—was a sharp reminder that when it comes to financial stability, you can never let your guard down. The Fed has a strong interest in financial stability, and not only because promoting it is one of our core functions. Financial stability supports our other objectives: fostering a safe and sound banking system, an efficient payments system, community development, and our monetary policy objectives of maximum employment and stable prices.

Fed’s Goolsbee: While In Dark On Official Data I Was More Paranoid About Inflation Side, Since There's Less Data Fed's Goolsbee: There is a notable slowdown in the number of jobs created. GOOLSBEE: DUBIOUS THAT SLOWDOWN IN PAYROLLS POINTS TO A RECESSION

*GOOLSBEE: SERVICES INFLATION TURNING UPWARD IS 'DISTURBING' *FED'S GOOLSBEE: SEPT. DATA SHOW LABOR MARKET COOLING BUT STABLE *GOOLSBEE: UNEASY FRONT-LOADING CUTS, NOT HAWKISH IN MEDIUM-TERM FED’S GOOLSBEE SAYS THE LAST THREE MONTHS OF INFLATION HAVE BEEN AT BEST STEADY AND IN SOME MEASURES WORSE; SAYS OFFICIAL GOVERNMENT DATA IS A “MESS” AND WARNS THERE IS MORE RISK FROM LACK OF VISIBILITY ON INFLATION THAN ON THE LABOR MARKET, WHERE MORE ALTERNATIVE DATA IS… Fed's Goolsbee: When I voted for the Fed's October rate cut, I presumed the job market was cooling gradually. FED OFFICIAL GOOLSBEE STATES HE IS NOT HAWKISH ABOUT MID-TERM RATES AND PREDICTS INTEREST RATES WILL SETTLE LOT LOWER THAN NOW