A post by @FirstSquawk on X.
FED'S HAMMACK SAYS FED IS DOING VERY WELL ON JOB SIDE OF MANDATE
@FirstSquawk on X
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Cleveland Fed President Beth Hammack said the Federal Reserve is “doing very well” on the employment side of its dual mandate, signaling that labor market conditions remain a strength rather than a source of concern for policymakers. The remark, delivered via First Squawk, comes as officials weigh the timing of further interest rate adjustments against inflation progress. Her comment implies the Fed sees little urgency to ease policy purely to support hiring, keeping attention on price stability. Markets will watch upcoming payroll and inflation data, along with other Fed speakers, for confirmation of how firmly the labor mandate is being met.
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Federal Reserve, Thomas Hamack