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via reuters.comEconomy

Fed's Hammack backs gradual rate-hike path

FROM THE WIRE · REUTERS.COM

NEW YORK, Nov 12 (Reuters) - Cleveland Federal Reserve President Beth Hammack said on Thursday she does not believe ‌that the US central bank needs to shift to more aggressive interest rate rises to

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA regional Fed president's view on the pace of hikes can shape rate expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Beth Hammack, Cleveland Fed President, spoke on Thursday.
  2. 02She said she does not believe the Fed needs to shift to more aggressive rate rises.
  3. 03The remarks concern US monetary policy.

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