Cleveland Fed's Hammack: Appropriate to Hold Rates Steady for 'Some Time'
Hammack, a former finance executive at Goldman Sachs who began leading the Cleveland Fed last year, cited high stock valuations and other market-based metrics to suggest that "we may be at or close to ...
Fed's Hammack Sees Need to Hold Rates Steady for Some Time
Hammack spoke just ahead of two days of testimony for Fed Chair Jerome Powell before Congress. After lowering rates by a full percentage point to between 4.25% and 4.50% last year, the Fed held ...