Live On CNBC, Fed's Hammack Says Contacts Are Very Worried About State Of Inflation And Cost Of Living; Is Worried Inflationary Mindset May Be Starting To Form; Neutral Monetary Policy Is Something You Know When You See; Believes Neutral Rate Is Higher Side Relative To Other Fed Officials; Accountablity Means Talking About Economy And Providing Information To Public; Treasury Has Its Own Objectives, Fed Operates Independently For Its Own Goals
A Federal Reserve official said people are worried about rising prices and cost of living, and thinks it's important to keep talking honestly with the public about the economy. When thinking about the stock market, remember that the Fed cares about keeping prices stable and being honest, which helps everyone make smarter decisions.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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