Fed’s Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high
Federal Reserve officials Beth Hammack and Thomas Barkin are making the case for a gradual approach to interest rate increases, signalling that policymakers remain focused on bringing inflation…
Attributed summary
Federal Reserve officials Beth Hammack and Thomas Barkin are making the case for a gradual approach to interest rate increases, signalling that policymakers remain focused on bringing inflation under control even as uncertainty over the economic outlook grows, Reuters reported.Their comments on Thursday come as the US central bank faces competing pressures from persistent price increases, geopolitical tensions and heavy investment in artificial intelligence (AI). The remarks also mark the…
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