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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
Rank over time, top of the chart is #1. 2 snapshots from 2 h ago to 1 h ago.
Evidence
- Fed’s Hammack Says Yields Reflect Growth, US Debt and Rate Path · Bloomberg.com
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