Federal Reserve member Beth Hammack has raised concerns that November's inflation rate may be understated due to data collection issues during the government shutdown. Hammack estimates the actual inflation rate to be between 2.9% and 3.0%, higher than the reported 2.7%. She opposes further interest rate cuts, arguing that the current policy stance is below neutral. Hammack, who will gain FOMC voting rights in 2025, supports Bitcoin as a hedge against inflation and anticipates strong U.S. economic growth next year.
FED's Beth Hammack Warns of Underreported Inflation, Opposes Rate Cuts
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