Fed President Hammack warns of inflationary mindset among businesses
Beth Hammack said on PBS NewsHour that persistently high inflation may be affecting how businesses set prices, potentially making it harder for the Fed to return inflation to its 2% target.
Cleveland Federal Reserve President Beth Hammack said Friday that persistently high inflation may be changing how businesses set prices, which could make the Fed’s job of bringing inflation back to its 2% target more difficult. Speaking on PBS NewsHour, Hammack described what she calls an inflationary mindset among businesses.