Fed's Hammack (2026 voter) says unemployment rate looks like it's stabilising, adds we have the labour market broadly in balance but noted inflation is still too high

Says:

• Consumer spending holding in driven by upper incomes.
• Important for Fed to get inflation back to 2%.
• Current Fed Funds Rate is right around neutral.
• Local contacts say growth is picking up. 
• Good for the Fed to stay on hold right now and doesn't need to fine-tune rate policy.