Fed’s Hammack Warns Inflation Expectations Could Force More Aggressive Rate Hikes

Cleveland Fed President Beth Hammack warned that a deterioration in public inflation expectations could force the Fed to raise interest rates more aggressively to restore price stability. Speaking at a Goldman Sachs event in New York on Thursday, Hammack expressed concern that persistent price pressures could become embedded in public expectations, making inflation harder to […] The post Fed’s Hammack Warns Inflation Expectations Could Force More Aggressive Rate Hikes appeared first on ActionForex.