Kevin Warsh Faces Fed Inflation Divide At Jackson Hole: Stephen Miran Says A Rate Hike Now Would Be ‘Really Strange’
In an interview with CNBC, Cleveland Fed President Beth Hammack stated that “now is the time to act,” adding that the monetary policy is not restrictive enough. The Fed’s July FOMC meeting produced a 9-3 vote to hold rates at 3.50%-3.75%, with Beth Hammack, Neel Kashkari and Lorie Logan dissenting in favor of a 25-basis-point … Read more