3/ She prefers "smaller, more frequent" moves to avoid bigger hikes later.Her neutral-rate estimate is among the Fed's h | Hanami
3/ She prefers "smaller, more frequent" moves to avoid bigger hikes later.
Her neutral-rate estimate is among the Fed's highest, and she says if she's wrong, it's too low.
Also, higher yields are "absolutely not" a substitute for Fed hikes https://www.wsj.com/finance/investing/beth-hammack-cleveland-fed-inflation-7751c731?st=zKLzjV&reflink=desktopwebshare_permalink