Fed's Hammack: Tremendous uncertainty weighs on economic activity
Source Fxstreet
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted during an interview with Axios that still-brewing US government policies continue to make it increasingly difficult for policymakers to manage the economy. Left unchecked, Hammack sees rising odds of a stagflation scenario, where low growth is coupled with high inflation.
Key highlights
Tremendous uncertainty weighs on economic activity.
Policies to come could offset trade policy effect.
Hammack sees stagflationary outcome as a likely scenario.
I don't want to overreact to trade.
White House tax bill complicates forecast.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance
Bitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
Global markets may be entering a new phase of volatility after Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks.This wave of selling
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
