Fed’s Hammack: Next year inflation might ease to around 2.5% at best

  • Goes into every meeting with an open mind
  • Openen minded about cadence of meeting schedule
  • Expects slow progress on inflation, should end year around 3%
  • Fed policy needs to be restrictive
  • Latest inflation data in line with expectations
  • Jobs market is broadly in balance

These latest comments were on Fox Business. I wonder if tomorrow’s jobs benchmark revisions — if higher — will push some Fed members towards tightening.

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

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