Fed's Hammack (2026 Voter, Hawk) says persistently high inflation remains her top concern

Inflation Hammack says inflation is too high Hammack says core PCE nowcast is 3.3% after incorporating this week’s data Hammack notes inflation is broad based, reflecting energy costs, supply-chain disruptions, insurance and AI data-centre build-up pressures Forward guidanceHammack says policy view considers data, business and community conversations, and where the economy is heading over the next six or 12 monthsLabour marketHammack says labour market is right around her level of maximum employmentGDP growthHammack says growth numbers are good and consumer spending is stableBalance of risksHammack judges persistently high inflation is the bigger concern