"The Fed has performed very well on employment but has long been absent on inf. Latest inf data is moving in the wrong direction. We need to shift to restrictive monetary policy to lower inf. I worry the U.S. economy may develop an inflationary mindset," Hammack said.

2026-11-12

"The Fed has performed very well on employment but has long been absent on inf. Latest inf data is moving in the wrong direction. We need to shift to restrictive monetary policy to lower inf. I worry the U.S. economy may develop an inflationary mindset," Hammack said.