Lates News

Federal Reserve's Hammack stated that the Fed needs to ensure monetary policy remains in a restrictive stance to lower inflation; if progress in reducing inflation is not made, inflation expectations may shift; the biggest risk to inflation is the formation of an "inflation mentality," concerns that demand-related pressures will push inflation higher, and capital expenditures will put pressure on inflation for some time. She also said that economic growth remains good and the labor market is stable.