Fed's Hammack (2026 Voter) says are not yet seeing signs that inflation expectations are rising; firms have been very resilient amid much change

Job market stable amid meagre job creation. Warsh is approaching his new job with an open mind, and is asking a lot of questions. Looks at a wide range of inflation indicators. Economic uncertainty is very high so policy outlook is uncertain. Expects next FOMC will have robust debate. Weighing multiple scenarios around a war that's gone on longer than expected. Contacts say even swift end to war will have lasting disruptions. Haven't seen war impact on consumer spending yet. Main concern is inflation is too high and still rising. Inflation might need help from policy to reach 2%.