Hammack: Fed Policy 'Pretty Close to Neutral'
Update: 2025-11-06
Description
Federal Reserve Bank of Cleveland President Beth Hammack expresses concerns about the current monetary policys ability to address ongoing inflation. She believes the policy is pretty close to neutral, causing unease due to the bigger mess on the inflation side compared to the job market. Hammacks insights, shared at the Economic Club of New York, underscore the delicate balance policymakers face in controlling prices and maintaining employment. As the Fed navigates a mixed economic landscape, its next steps will be closely watched to ensure stability without disruption.
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