Fed's Hammack: More Restriction Is Needed But Keeping An Open Mind On Pace Of Rate Hikes

Policy Restriction Will Need To Hit Demand, Either Through Capital Spending Or Consumption - Inflation Pressures Broadening Out From AI, With Other Firms Also Doing Well And Ready To Invest - Don't Want To Discourage Growth But May Need To 'Pull It Back A Little Bit' - Business Contacts Speaking More Like Economy Is Booming Than Ready To Pull Back