Fed's Hammack Says Likely Underlying Inflation Is Above Target
https://www.youtube.com/watch?v=Wjip8yr29nE
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https://www.youtube.com/watch?v=Wjip8yr29nE
Fed's Hammack Says The Biggest Risk With Inflation Is The Formation Of An Inflationary Mindset; Public Has Been Dealing With Above Target Inflation For Extended Period; Growth Has Held Up Well, Job Market Is Stable; Worries About Demand Related Pressure On Inflation; Capital Expenditures Will Pressure Inflation For A While; If We Don't Make Progress Lowering Inflation, Expectations Could Shift; Fed Needs To Make Sure Policy Is At A Restrictive Stance To Lower Inflation
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