Core Viewpoint - The Cleveland Federal Reserve Bank President Beth Hammack emphasizes the need to combat inflation rather than consider interest rate cuts, as inflation remains above the Fed's 2% target and is on the rise [1][4]. Group 1: Inflation Concerns - Hammack believes there is no reason to lower interest rates this month due to persistent high inflation, which has been above the target for four years and is causing real pressure on low-income families [1][2]. - She notes that many business leaders in the Cincinnati area are experiencing significant price pressures from suppliers, which may lead to price increases in the short term [2]. Group 2: Labor Market and Monetary Policy - Despite recent downward revisions in employment data, Hammack maintains that the labor market is healthy, with an unemployment rate of 4.2%, described as a "historical low" [2]. - Hammack views the current monetary policy as "very modestly restrictive" and estimates that interest rates are close to neutral levels, indicating a short distance to reach neutrality [3]. Group 3: Caution Against Policy Shifts - Hammack expresses caution regarding a rapid shift to accommodative policies, warning that such a transition could "reignite inflationary pressures" [4]. Group 4: Independence of the Federal Reserve - Hammack stresses the importance of maintaining the Federal Reserve's independence from political influence to achieve low inflation outcomes in the medium to long term [5]. - She defends her colleague Lisa Cook against attempts to undermine the Fed's independence, asserting Cook's integrity and expertise as an economist [5].
9月降息远非“板上钉钉”?有官员发声反对:通胀仍太高!-美股-金融界
Jin Rong Jie·2025-09-05 02:34