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Cleveland Fed President Beth Hammack says there is a risk businesses and households will become tolerant of above-target inflation, and the Fed should ensure policy is in a restrictive stance to achieve price stability. "What I'm seeing and hearing from businesses is that we have pressures on the d…
Fed's Hammack Says The Biggest Risk With Inflation Is The Formation Of An Inflationary Mindset; Public Has Been Dealing With Above Target Inflation For Extended Period; Growth Has Held Up Well, Job Market Is Stable; Worries About Demand Related Pressure On Inflation; Capital Expenditures Will Pressure Inflation For A W
Fed's Hammack: The Fed needs to make sure policy is at a restrictive stance to lower inflation.