Fed Hammack says now is time to act on inflation
CNBC quotes Fed Hammack saying it is appropriate to act to lower inflation. He says the most recent inflation number was as expected, but inflation above target has been persistent.
Appropriate To Act To Lower Inflation - Most Recent Inflation Number Was As Expected - Above Target Has Been Persistent Amid Questions Of How Shocks Will Play Out - Doesn t See Fed Policy Providing Restriction For Economy - Main Worry Is That Public Will Lose Confidence Inflation Will Return To Target - Contacts Are Very Worried About State Of Inflation, Cost Of Living