FedFLASHJuly 31 at 08:00 AM

Fed's Hammack (2026 voter) says Fed rate policy is not restrictive enough; inflation has been too high for too long; ‘not confident’ inflation will ease absent action from Fed; Now is time for Fed to act to bring down high inflation

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Fed Governor Hammack advocates for tighter policy as broad-based inflation remains stubbornly high at 3.3%, warning that current rates are not restrictive enough despite stable employment and AI-driven growth.

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With job market stable, Fed should focus on inflation. The longer inflation stays high, the harder it will be to bring back to target.

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Fed's Hammack (2026 voter) says Fed rate policy is not restrictive enough; inflation has been too high for too long; ‘not confident’ inflation will ease absent action from Fed; Now is time for Fed to act to bring down high inflation

News detail

What do investors think?

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