Fed’s Hammack Prefers Smaller, Steadier Policy Moves
Cleveland Fed President Beth Hammack says gradual policy moves help businesses and households plan. She says the Fed is not behind the curve, while noting sharper action could be considered if it were.
Cleveland Fed President Beth Hammack says she prefers "smaller, steadier movements" in monetary policy because they make it easier for businesses and households to plan. Hammack says she does not think the Fed is behind the curve, but adds that if it were, sharper action might need to be considered…