Fed's Hammack Hopes to Cool Inflation Without Job-Market Damage
Cleveland Fed President Beth Hammack said she hopes to lower inflation without damaging the job market, potentially by cooling corporate investment or wealth gains fueling consumption.
Cleveland Federal Reserve President Beth Hammack said Monday that she hopes the Fed can bring inflation down without harming the job market. She said that could require slowing the rapid pace of corporate investment or the market-driven wealth gains supporting personal consumption. Those are…