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PRIMER - Today’s Fedspeak includes: Hammack

Importance
Level 1
  • 13:30BST/08:30EDT: Fed’s Hammack (2026 voter, hawk) will give remarks on policy. Speaking in mid-May, Hammack said businesses are concerned an inflationary mindset is becoming entrenched, and that policymakers must keep an open mind on the next move given uncertainty. She said rates should stay on hold for quite some time, price pressures are worrying, higher gasoline prices are weighing on consumers, and inflation expectations remain “pretty-well” anchored. NOTE: Hammack was one of the three voting members who dissented to the Fed retaining its easing bias within the April policy statement.