News list for " poh"
Hamak, the Federal Reserve, said there was no need for any rate changes in the coming months after the central bank cut interest rates in succession at the past three meetings. Hamak opposed the recent rate cuts because she was more concerned about stubbornly high inflation than potential labour market fragility. Hamak is not a voting member of the rate-setting committee this year, but will become a voting member next year. "My baseline expectation is that interest rates can be maintained at cur...
Cleveland Fed President Michael Hamack said she would prefer interest rates to be slightly tighter to keep the pressure on inflation, which is still too high. "Right now our policy is roughly neutral," Mr. Hamack said on Friday. "I would prefer a slightly tighter stance to help keep the pressure on inflation." Mr. Hamack does not vote this year but will be eligible to vote in 2026. When asked if...
Mr. Hammarck said the jobs data looked mixed. The report was "slightly stable" but in line with expectations, and high inflation remained a real problem for the US economy.
The Federal Reserve's Hamak said stablecoins and private credit deserve attention, and he also believes that hedge funds and life insurance companies are highly leveraged.
Federal Reserve Hamak said a rate cut could prolong high inflation. A rate cut could also encourage financial marekt risk-taking. Banks are currently well capitalized. Cutting rates now could distort market pricing levels. (Golden Ten)
Mr. Hammarck, the Federal Reserve, said that while the dollar was not a central issue in central bank discussions, the weakening of the dollar this year did not appear to be a cause for concern. "I think there has been a lot of talk this year about the dollar and its weakness," Mr. Hammarck said. "But it's important to remember that we started with an extremely strong dollar, so this year's weakness has largely just made the dollar stronger.
Federal Reserve Hamak: Federal Reserve policy needs to remain somewhat tight to reduce inflationary pressures.
Hamak said it was not obvious whether the Fed should cut interest rates again given inflation; the economy would pick up next year; he did not expect a sharp decline in the labor market; and inflation would exceed the target (2%) by one percentage point this year. He also said that the unemployment rate is expected to decline again after a small increase this year; the Fed is under pressure from the dual goals of employment and inflation; monetary policy is only barely restrictive at best; infla...
Federal Reserve Hamak: Support reform of the Federal Reserve's interest rate target.
Federal Reserve Hamak: Support reform of the Federal Reserve's interest rate target.
