Fed's Hammack Says Higher Interest Rates Won't Dissuade Hyperscalers, But Might Influence Firms In Other Industries; The Question For The Fed Now Is How Fast To Make Policy More Restrictive; Don't Want To Threaten The Jobs Side Of The Fed's Mandate
https://www.clevelandfed.org/collections/speeches/2026/sp-20261012-trimming-the-sails-communicating-my-reaction-function
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Why It Matters
The Federal Reserve is thinking carefully about raising interest rates too fast. Big tech companies can handle higher rates, but other businesses might struggle with jobs.
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