Person
President of the Federal Reserve Bank of Minneapolis since 2016 and a Federal Open Market Committee participant, often a hawkish voice on inflation.
Cleveland Fed's Beth Hammack, a voter this year, said Monday she prefers smaller, faster rate adjustments after September's quarter-point hike. Cryptopolitan counts 15 of 33 major central banks tightening in six months, a 45% share.
Reality
CBO Director Phillip Swagel put the real growth needed to stop U.S. debt rising against GDP at 5%-6%, more than double the current pace. He told a Minneapolis Fed conference that what remains is tax and spending changes, which he called inherently political choices.
Reality
The 3.4% headline that drew three dissents for immediate hikes is carried by nine older months running near 4.4% annualized. Clearing those months out of the window takes nine more monthly prints.
Reality
The Minneapolis Fed president calls a 4.7% ten-year and a 30-year above 5% orderly, points at deficits and AI capex, and offers no rescue. Price the long end accordingly.
Reality
Home Depot, Target and Walmart report on consecutive mornings into a thin data calendar. Their guidance, not the macro releases, is where tariff pass-through shows up first.
Reality