Fed's Hammack Says The Biggest Risk With Inflation Is The Formation Of An Inflationary Mindset; Public Has Been Dealing With Above Target Inflation For Extended Period; Growth Has Held Up Well, Job Market Is Stable; Worries About Demand Related Pressure On Inflation; Capital Expenditures Will Pressure Inflation For A While; If We Don't Make Progress Lowering Inflation, Expectations Could Shift; Fed Needs To Make Sure Policy Is At A Restrictive Stance To Lower Inflation
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Why It Matters
A Federal Reserve leader warns that people might start expecting prices to stay high. This could make inflation harder to fix, so the Fed may keep interest rates high longer.
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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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