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.