Fed’s Hammack: Now is the time to bring more restraint into policy

  • I’m still not seeing a problem with the jobs market
  • Says she doesn’t think one 25 bps move will do much
  • Current rate is not meaningfully restricting the economy
  • Would probably need some number of hikes
  • No intention to prejudge the number of rate increases

Hammack dissented in the prior meeting so this isn’t a big surprise.

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

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