Soaring US Treasury yields still won't make the Fed back off? FOMC voter Hammack challenges "two major illusions," adding uncertainty to the rate hike endpoint.

Zhito Finance APP has learned that in the early hours of October 13, Beijing time, Beth Hammack, a 2026 FOMC voting member and President of the Federal Reserve Bank of Cleveland, once again signaled a hawkish monetary policy stancenamely, that Fed officials, rather than waiting and then being forced to make a large correction to the inflation trajectory, should adjust monetary policy early and in small steps when conditions permit.