A post by @DeItaone on X.
FED'S HAMMACK: FED HAS BEEN MISSING ON INFLATION MANDATE FOR YEARS
@DeItaone on X
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Cleveland Fed President Beth Hammack said the Federal Reserve has been failing its inflation mandate for years, according to a tweet from @DeItaone. The remark signals continued hawkish caution from a regional Fed leader even as markets weigh the timing of rate cuts. It matters because persistent inflation undershoot or overshoot concerns shape the policy path that drives Treasury yields and risk appetite. Watch upcoming inflation prints and Fed speakers for whether Hammack’s view gains traction on the committee.
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Named in this story
Federal Reserve, Thomas Hamack, Walter Bloomberg