FED’S HAMMACK SAYS RESTRICTIVE POLICY IS NEEDED TO REACH 2% INFLATION AND THAT MORE RESTRAINT IS REQUIRED, WITH THE QUES | Hanami
FED’S HAMMACK SAYS RESTRICTIVE POLICY IS NEEDED TO REACH 2% INFLATION AND THAT MORE RESTRAINT IS REQUIRED, WITH THE QUESTION FOR THE FED NOW BEING ‘HOW FAST TO MAKE POLICY MORE RESTRICTIVE’, ADDING THAT THE FED NEEDS TO ‘COOL THE ECONOMY AT THE MARGINS’ AND THAT SHE IS HEARING ‘EARLY WARNING SIGNS’ OF A POSSIBLE PROBLEM WITH INFLATION EXPECTATIONS, THOUGH SHE DOESN’T WANT TO THREATEN THE JOBS SIDE OF THE MANDATE.