Fed's Hammack (2026 voter) says it is too soon to determine the economic impact of the Middle East conflict, NY Times reports. Supports holding rates steady for "quite some time"

• The Middle East conflict represents a new inflationary risk.

Fed's Hammack is suggesting that the ongoing Middle East conflict introduces new inflationary risks, and it's premature to assess its economic impact. His support for maintaining rates steady signals a cautiously dovish stance, indicating that the Fed may prioritize stability over immediate action, which could have implications for the USD and fixed income markets.