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Fed's Hammack Says Do Not Take Anchored Inflation Expectations For Granted, With Businesses Planning Price Increases Beyond Any Rise In Input Costs A Sign Of Inflationary Mindset Taking Hold; Fed Officials Have A Responsibility To Explain Their Decisions; It Is Important To Spell Out Reaction Function So Businesses And Households Can Plan Effectively; If The Public Understands Where The Fed Is Heading, It Can Limit Market Volatility, Avoid Mistakes; A Reaction Function Is Not The Same As Committ
Fed's Hammack Says Do Not Take Anchored Inflation Expectations For Granted, With Businesses Planning Price Increases Beyond Any Rise In Input Costs A Sign Of Inflationary Mindset T
H impact | LIVE | Oct 12, 2026, 05:08 PM UTC
Fed's Hammack Says Broad-Based Inflation, Ongoing Growth Need Restrictive Monetary Policy; Trend Inflation Currently In The Mid-To-High 2% Range, Expect It Will Take Some Time To Return To 2% Target Even With Appropriate Monetary Policy; Would Prefer Fed Make Smaller Adjustments To Policy Rate But Do So 'relatively Quickly'; Energy Is Not Only Factor, With Strong Demand Also Contributing To Price Pressures; Stable Labor Market Leaves Room To Address Inflation
Fed's Hammack Says Broad-Based Inflation, Ongoing Growth Need Restrictive Monetary Policy; Trend Inflation Currently In The Mid-To-High 2% Range, Expect It Will Take Some Time To R
H impact | LIVE | Oct 12, 2026, 05:07 PM UTC