Fed's Hammack (voter, hawkish dissenter) says the Fed is doing very well on the job side of the mandate, and has been missing on inflation mandate for years; recent inflation data shows it is moving in wrong direction

Real demand pressure contributing to high inflation. Need to move to restrictive monetary policy to lower inflation. Worries economy could form inflationary mindset. Goes into all FOMC meetings with an open mind. Prefers to see smaller and steadier Fed rate moves. Fed needs to move rates higher to get on restrictive rate policy. Doesn't believe Fed is behind the curve, and if that happens would consider more aggressive action. Smaller, steadier rate increases give economy time to adjust. Recent inflation data has shown broadening price pressures. Job market is static, and would not describe it as healthy due to lack of dynamism. Financial conditions are supportive of growth.