Fed's Hammack: It is a challenging time for monetary policy

We are being challenged on both sides of our mandateWe have pressure in inflation, particularly in servicesLabour market looks broadly in balanceWe need to maintain a restrictive stance on policy to get inflation back down to our goalForecast to remain above inflation target for probably next 1-2 yearsMore difficult to see that tariffs will be a one-time impactWill not get to 2% inflation target until end 2027/early 2028There’s not much surprise to her comments as she is one of the more hawkish members on the board.
This article was written by Justin Low at investinglive.com.

Source: investinglive.com (Read Full Article)