Fed's Hammack (2026 voter, hawkish dissenter) says inflation will end the year around 3% and that it is currently not meeting target

Does not see restrictive financial conditions. Not a lot of restriction in the economy. Time for the Fed to act with hiking rates and that waiting will create pain. Communicating is a critical part of the job. Keeps an eye on the market to make decisions. Markets are not a substitute for the Fed. Committed on bringing inflation to its target. Credibility depends on delivering the dual mandate. Input costs are going up. Not focused on any "froth" in the market. Interest rates is the main and clearest tool for the Fed. Balance sheet reflecting many things starting from the GFC. Walks into every meeting with an open mind.