Hammack vs Waller: Fed Rate Debate Heats Up
Update: 2025-12-21
Description
Cleveland Fed President Beth Hammack, a hawkish voice on the Federal Reserve, expects rates to stay steady, seeking clearer signs of inflation drop or job weakness. She dismisses recent inflation report, blaming distortions and estimating real rate at 2.9-3%. Meanwhile, easier policy boosts stocks, gold, and silver, but bitcoin struggles. Hammacks views contrast with Fed Governor Chris Wallers, setting up lively debates and split votes on rates in 2026.
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