Fed's Hammack Says Dissenting Rate-Cut Vote Driven by Inflation Concerns [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
interest rates should be held steady until there's more progress in cooling inflation. Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal Rescuing a Little-Known Modernist Landmark in Buffalo Hammack said she thinks interest rates are close to a neutral level where they would neither slow nor stimulate the economy, and suggested that rates should remain high enough to modestly restrict economic activity “for some time.” “Based on my estimate that monetary policy is not far from a neutral stance, I prefer to hold policy steady until we see further evidence that inflation is resuming its path to our 2% objective,” Hammack wrote in a statement released Friday. Hammack, who joined the Fed in August and has voted a total of three times, said that while the economy is “in a good position,” there's mor
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Sec Filings
- 12/20/24 - Form 424B2
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- 12/20/24 - Form 424B2
- GS's page on the SEC website