Fed's Hammack (2026 voter) says she sees a lot of uncertainty in economic outlook; Fed should neutral in policy stance given the uncertainty
- Worried about price pressures.
- Everyone is feeling an increase in gasoline prices.
- Higher prices are weighing on consumers' ability to spend.
- There was far more agreement than it appeared at the Fed meeting.
- The Fed has been missing the inflation target for years.
- Sees interest rates on hold for quite some time.
- Job market remains a low-hire, low-fire environment.
- Inflation expectations are "pretty-well" anchored, currently.
- Cannot put a hard number on how long the Fed should hold rates steady.
- Sees strong and healthy banking system.
Context
Fed's Hammack emphasizes a cautious approach to monetary policy amid economic uncertainty, suggesting that the Federal Reserve should maintain a neutral stance for now. Her comments regarding inflation pressures and the state of the job market indicate the Fed might keep interest rates steady for an extended period, which could impact market expectations and the USD's strength.
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