She pointed to potential costs when the central bank lets its reserves stay too large.

FILE PHOTO: Beth Hammack, who started her job as president of the Federal Reserve Bank of Cleveland on August 21, 2024, heads ...

An often overlooked segment of the Federal Reserve’s balance sheets has been growing and could boost the Fed’s ability to ...

Federal Reserve Bank of Cleveland President Beth Hammack said slowing the pace of the US central bank’s balance-sheet reduction may allow officials to continue the runoff for longer, while emphasizing ...

She also said the Fed has shown it can move quickly once there is clarity about the direction they should be heading in. In a speech on Wednesday, April 23, Hammack said slowing the pace of the U.S.

The Federal Reserve can keep reducing its roughly $6.7 trillion balance sheet at a slow pace because banking reserves still remain "abundant," Fed Chair Jerome Powell said Wednesday. Powell noted that ...

NEW YORK--Beth Hammack, president of the Federal Reserve Bank of Cleveland, said the central bank should continue reducing the size of its balance sheet, pointing to potential costs that the ...

Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that conditions still support ongoing reductions in the central bank's balance sheet. Hammack added that she believes some ...

NEW YORK, April 23 (Reuters) - Conditions still support ongoing reductions in the Federal Reserve's balance sheet, Cleveland Fed President Beth Hammack said on Wednesday, as she also noted that ...

Hammack, at a meeting of the Money Marketeers of New York University, spoke at length on her views on the Fed's balance sheet. "We still appear to have more than enough reserves in the system so ...

NEW YORK (Reuters) -Conditions still support ongoing reductions in the Federal Reserve’s balance sheet, Cleveland Fed President Beth Hammack said on Wednesday, as she also noted that amid great ...