Fed’s Hammack Says Rate Cuts May Prolong Inflation, Boost Risks
Federal Reserve Bank of Cleveland President Beth Hammack said lowering interest rates to support the labor market could extend the period of above-target inflation and increase financial stability risks.
By Jonnelle Marte · Bloomberg Markets
Federal Reserve Bank of Cleveland President Beth Hammack said lowering interest rates to support the labor market could extend the period of above-target inflation and increase financial stability risks.