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Fed's Hammack Says Yields Reflect Growth, Debt and Rates
Original: Fed’s Hammack Says Yields Reflect Growth, US Debt and Rate Path
Beth Hammack, president of the Federal Reserve Bank of Cleveland, said current US Treasury yields reflect a combination of economic growth, the level of US government debt, and expectations for the path of interest rates. Her comments address persistent market debate over why long-term yields remain elevated despite the Fed's policy direction.
Why now: Markets and policymakers are focused on elevated Treasury yields and what they signal about the US economy and fiscal position.
Beth HammackFederal ReserveFederal Reserve Bank of ClevelandUS Treasury
Evidence
- Fed’s Hammack Says Yields Reflect Growth, US Debt and Rate Path · Bloomberg.com
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