Hammack says Fed may stay on hold for a good while as energy shock clouds outlook
Cleveland Fed President Beth Hammack said rates are in a good place for now, while warning that higher energy costs complicate the inflation-growth tradeoff and could eventually force policy either way.
From the sources (17 posts)
@deitaoneFED'S HAMMACK: KEY IS HOW HIGH ENERGY PRICES GET AND HOW LONG THEY STAY HIGHT- CNBC
@financialjuiceFed's Hammack: The key is how high energy prices get and how long they stay high - CNBC
@deitaoneFED'S HAMMACK: HIGH ENERGY COULD BRING INFLATION BUT COULD ALSO WEIGH ON GROWTH
@firstsquawkFED'S HAMMACK: RATES ARE IN A GOOD PLACE, BASELINE IS STAYING ON HOLD FOR WHILE
@financialjuiceFed's Hammack: Risks go in both ways for monetary policy
@financialjuiceFed's Hammack: We have to look at inflation and the spending impact of energy
@financialjuiceFed's Hammack: Fed is still persistently missing on inflation target.
@deitaoneFED'S HAMMACK: THERE ARE ARE RISKS FED COULD GO EITHER WAY WITH INTEREST RATE TARGET
@firstsquawkFED'S HAMMACK: FED IS STILL PERSISTENTLY MISSING ON INFLATION TARGET
@firstsquawkFED'S HAMMACK: SUPPLY SHOCKS ARE TRICKY FOR MONETARY POLICY
@financialjuiceFed's Hammack: I don't see the job market as a source of inflationary pressure
@financialjuiceFed's Hammack: It is a 'tough time' for Fed policy making
@financialjuiceFed's Hammack: It's not clear right now what AI will do to the economy
@firstsquawkFED'S HAMMACK: IT'S A BALANCING ACT ON HOW TO MANAGE FED BALANCE SHEET
@financialjuiceFed's Hammack concludes remarks on CNBC.
@businessHammack said interest rates are well positioned and she prefers for them to remain steady, but also sees the possibility they may need to be adjusted in either direction
@cnbcCleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'