Fed's Hammack: Need some restraint from mon pol to bring down inflation

Hammack voted to hike rates at the most recent meeting alongside Kashkari and Logan.

• Businesses have adapted to tariff and oil shocks, there's resilience and investment
• Raising rates can be painful but most not let growth and investment be so fast the economy overheats
• Inflation is broad-based and not just in certain sectors
• Payroll data is noisy
• Inflation from supply shocks has proved more persistent

This article was written by Adam Button at investinglive.com.

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