Cleveland Fed President Beth Hammack on the Risks Markets Are Missing Right Now

It’s a muddled macro moment: inflation is reheating, labor market data is sending mixed signals, and the debate over Fed independence is getting louder. With potential rate cuts on the table, I sat down with Cleveland Fed President Beth Hammack to talk about why independence matters, what she’s seeing in the data that keeps her leaning modestly restrictive, and how AI is reshaping the entry-level workforce for recent grads. We also get into what the Fed actually does beyond monetary policy, what...