A post by @FirstSquawk on X.
FED'S HAMMACK SAYS WE NEED TO MOVE TO RESTRICTVE MONETARY POLICY TO LOWER INFLATION
@FirstSquawk on X
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Cleveland Fed President Beth Hammack said the Federal Reserve needs to shift to restrictive monetary policy to bring inflation down, according to remarks reported by First Squawk. The comment signals that at least one policymaker favors keeping policy tight rather than easing, a stance that matters for rate-sensitive assets including equities, bonds and crypto. Traders will watch upcoming Fed communications and inflation data for confirmation of how broadly Hammack's view is shared on the committee.
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Named in this story
Federal Reserve, Thomas Hamack