‘Hammack says she hears from lower-income households that are no longer just trading down at the grocery store but choosing which bills to pay. Most of her colleagues last month saw inflation returning to target in 2029. “To me, that’s far too long,” she said.’ www.wsj.com/finance/inve...
When Companies Stop Driving a Hard Bargain, This Fed Official Starts Worrying
Beth Hammack says businesses’ pricing power and a sturdy economy show interest rates aren’t yet high enough to tame inflation.
wsj.com