Fed's Hammack Says Treasury Rates Right Now Are "Modest" By Historic Standards; If The Economy Were To Return To A 3% Home Mortgage It Would Likely Mean Something Had Gone Wrong In The Economy; The Neutral Rate Is Likely Higher But It Is Hard To Pin Down; Hearing "Early Warning Signs" Of A Possible Problem With Inflation Expectations; Need To "Cool The Economy At The Margins"

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Fed's Hammack Says Treasury Rates Right Now Are "Modest" By Historic Standards; If The Economy Were To Return To A 3% Home Mortgage It Would Likely Mean Something Had Gone Wrong In The Economy; The Neutral Rate Is Likely Higher But It Is Hard To Pin Down; Hearing "Early Warning Signs" Of A Possible Problem With Inflation Expectations; Need To "Cool The Economy At The Margins" | WAPE

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