FedIMPORTANT

Fed's Hammack (2026 voter) says she sees a lot of uncertainty in economic outlook; Fed should neutral in policy stance given the uncertainty

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Worried about price pressures. Everyone is feeling an increase in gasoline prices. Higher prices are weighing on consumers' ability to spend. There was far more agreement than it appeared at the Fed meeting. The Fed has been missing the inflation target for years. Sees interest rates on hold for quite some time. Job market remains a low-hire, low-fire environment. Inflation expectations are "pretty-well" anchored, currently. Cannot put a hard number on how long the Fed should hold rates steady. Sees strong and healthy banking system.

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