{"id":435189,"date":"2026-07-31T19:21:45","date_gmt":"2026-07-31T12:21:45","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/feds-kashkari-and-hammack-explain-their-dissents-at-the-last-meeting-inflation-too-high-435189\/"},"modified":"2026-07-31T19:21:45","modified_gmt":"2026-07-31T12:21:45","slug":"feds-kashkari-and-hammack-explain-their-dissents-at-the-last-meeting-inflation-too-high","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/feds-kashkari-and-hammack-explain-their-dissents-at-the-last-meeting-inflation-too-high-435189\/","title":{"rendered":"Fed&#8217;s Kashkari and Hammack explain their dissents at the last meeting.  Inflation too high"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">Fed&#8217;s Kashkari and Hammack are speaking and explaining their dissents at the last meeting in favor of a 25 basis point rate hike, arguing that inflation risks remain elevated and that a series of gradual policy moves would be more effective than waiting until larger hikes become necessary.<\/p>\n<ul>\n<li>Dissented at the FOMC meeting, preferring to raise the federal funds rate by 25 basis points.\n<\/li>\n<li>\nMore recent data center investment has added a new demand element to inflation.\n<\/li>\n<li>\nA series of supply shocks has been responsible for part of the inflation problem.\n<\/li>\n<li>\nIncreasingly believes monetary policy has a role in addressing successive supply shocks that could lead to entrenched inflation.\n<\/li>\n<li>\nMonetary policy can look through individual supply shocks, but not an ongoing series of them.\n<\/li>\n<li>\nWants to manage the risk of inflation becoming entrenched and would prefer to tighten policy incrementally.\n<\/li>\n<li>\nIf inflation durably fades, a strategy of small steps would allow the FOMC to slow or pause further tightening without unnecessary damage to the real economy.\n<\/li>\n<li>\nIf inflation remains elevated, a series of small policy moves would be preferable to waiting and then concluding that much larger actions are required.\n<\/li>\n<\/ul>\n<blockquote><p> Hammack dissented because she believes policy is still not restrictive enough and that the Fed should move now to bring inflation back under control.<\/p><\/blockquote>\n<ul>\n<li>Inflation has been too high for too long.\n<\/li>\n<li>Not confident inflation will ease without additional Fed action.\n<\/li>\n<li>Now is the time for the Fed to act to bring down high inflation.\n<\/li>\n<li>\nThe longer inflation remains elevated, the harder it will be to return it to the Fed&#8217;s target.\n<\/li>\n<li>\nWith the labor market still stable, the Fed should keep its focus squarely on inflation.\n<\/li>\n<li>\nThe current policy rate is not restrictive enough.<\/li>\n<\/ul>\n<p>Kashkari and Hammack are two of three dissenters.\u00a0 Feds Lorie Logan is the third and is expected to speak as well today.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fed&#8217;s Kashkari and Hammack are speaking and explaining their dissents at the last meeting in favor of a 25 basis point rate hike, arguing that inflation risks remain elevated and that a&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435189","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435189"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}