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Fed's Hammack (2026 voter) says more restriction is needed, but keeping an open mind on pace of rate hikes
StockNow breaking-news AI analysis
Hammack described broadening inflation pressures and strong business activity, said restraint may need to affect demand, and expressed a preference for timely, smaller policy adjustments when feasible.
News detail
Says: Policy restriction will need to hit demand, either through capital spending or consumption. Inflation pressures are broadening out from AI, with other firms all doing well and ready to invest. Don't want to discourage growth but may need to 'pull it back a little bit'. Business contacts speaking more like the economy is booming than ready to pull back. Hope to cool demand and inflation without job market pain.
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