Federal Reserve (Fed) Financial institution of Cleveland President Beth Hammack famous throughout an interview with Axios that still-brewing US authorities insurance policies proceed to make it more and more troublesome for policymakers to handle the financial system. Left unchecked, Hammack sees rising odds of a stagflation state of affairs, the place low progress is coupled with excessive inflation.
Key highlights
Large uncertainty weighs on financial exercise.
Insurance policies to come back may offset commerce coverage impact.
Hammack sees stagflationary consequence as a possible state of affairs.
I do not wish to overreact to commerce.
White Home tax invoice complicates forecast.
