Fed's Hammack (2026 Voter) says are not yet seeing signs that inflation expectations are rising; firms have been very resilient amid much change
- Job market stable amid meagre job creation.
- Warsh is approaching his new job with an open mind, and is asking a lot of questions.
- Looks at a wide range of inflation indicators.
- Economic uncertainty is very high so policy outlook is uncertain.
- Expects next FOMC will have robust debate.
- Weighing multiple scenarios around a war that's gone on longer than expected.
- Contacts say even swift end to war will have lasting disruptions.
- Haven't seen war impact on consumer spending yet.
- Main concern is inflation is too high and still rising.
- Inflation might need help from policy to reach 2%.
#UNITED STATES#USD#JAPAN#UNITED KINGDOM#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#US SESSION#FEDERAL RESERVE#CENTRAL BANK#INFLATION#DXY