Cleveland Fed's Hammack Says It May Soon Be Appropriate to Raise Rates
Cleveland Fed President Beth Hammack said it is reasonable to keep interest rates steady for now, but recent trends could soon make a rate increase appropriate to counter high inflation. She said the latest jobs report showed the labor market is roughly in balance.
The remarks restated a view she had expressed a few days earlier and tied any shift in policy to inflation trends while describing the labor market as balanced. For now, Hammack said, leaving rates where they are remains reasonable.
From the sources (9 posts)
@businessFederal Reserve Bank of Cleveland President Beth Hammack said it may soon be appropriate to raise interest rates as the labor market appears to be in balance.
@nicktimiraosCleveland Fed President Beth Hammack updates and restates her view from a few days ago: It's fine to leave rates where they are today but "if recent trends continue, it may soon be appropriate to act." [Translator key: Appropriate to act
@financialjuiceFed's Hammack: It's reasonable to keep rates steady for now but if recent trends continue, it may soon be appropriate to act against high inflation.
@deitaoneFED'S HAMMACK SAYS REASONABLE TO KEEP RATES STEADY FOR NOW BUT IF RECENT TRENDS CONTINUE IT MAY SOON BE APPROPRIATE TO ACT AGAINST HIGH INFLATION
@firstsquawkHAMMACK: REASONABLE TO KEEP RATES STEADY FOR NOW BUT IF RECENT TRENDS CONTINUE IT MAY SOON BE APPROPRIATE TO ACT AGAINST HIGH INFLATION
@financialjuiceFed's Hammack: Jobs report affirms labor market is roughly in balance.
@financialjuiceFed's Hammack: It may soon be appropriate to act on rates - LinkedIn Post.
@firstsquawkHAMMACK SAYS JOBS REPORT SHOWS LABOR MARKET IS ESSENTIALLY BALANCED.
@firstsquawkFED'S HAMMACK SAYS ACTION ON INTEREST RATES COULD BE NECESSARY SOON.