Fed's Hammack warns inflation expectations deterioration could require Fed response
TLT•Cleveland Fed President Beth Hammack said a deterioration in public inflation expectations would likely require more aggressive central bank action. She said persistent price pressures could mean monetary policy needs to move further.
1. Hammack on inflation expectations
Hammack said a deterioration in the public’s inflation expectations would likely require a more aggressive response from the central bank. At a Goldman Sachs event in New York, she said persistent price pressures could make monetary policy’s work harder and require officials to move further.
