Fed’s Hammack and Barkin Back Gradual Rate Hikes, but AI Uncertainty Clouds Policy Outlook

Fed officials Beth Hammack and Thomas Barkin both backed further interest rate increases on Thursday, favouring gradual tightening as inflation remains above the central bank’s 2% target. Speaking at an event in Zurich, Cleveland Fed President Hammack said, “I expect that monetary policy will need to move to a restrictive stance to bring inflation back […] The post Fed’s Hammack and Barkin Back Gradual Rate Hikes, but AI Uncertainty Clouds Policy Outlook appeared first on ActionForex.