Fed's Hammack (2026 Voter) says the job market is right around full employment, and growth looks good, speaking on CNBC TV; inflation is still too high, Fed may need to consider rate hikes

Policy:

• Will go into Fed meetings with an open mind, and will not prejudge outcomes.
• Expresses concerns surrounding what higher rates could do to the economy.
• Need to have transparency on the reaction function.

Inflation:

• Core services inflation has been high.
• Sees a broad-based story for high inflation.
• AI investment has been a driver of inflation, adding upward pressure.

Economy:

• The consumer sector has shown resilience.