Fed's Hammack says no longer appropriate to signal rate cut bias
Yahoo Finance·2026-05-01 20:08
By Michael S. Derby (Reporting by Michael S. Derby; Editing by Chizu Nomiyama ) The official said she voted against the Fed's policy statement on Wednesday that left the interest rate target range unchanged at between 3.5% and 3.75% because it retained language that pointed to "a pause rather than an end to the easing cycle. I see this clear easing bias as no longer appropriate given the outlook." Hammack said there are now upside risks to inflation and downside risks to the job market. She added inflation ...