Fed's Hammack (2026 Voter, Hawk) says the most recent inflation number was as expected, via CNBC TV; now is the time to act; do not see Fed policy as restrictive for the economy

Inflation above target has been persistent amid questions of how these shocks will play out. The main worry is that the public will lose confidence of inflation returning to 2%. People are worried about the state of inflation and cost of living. Neutral is something "you know it when you see it" My estimate of neutral is higher than other Fed officials. When asked on recent treasury action, says the treasury has its own objectives, of the dual mandate.