Fed Hammack: inflation persistence warrants action
Fed's Hammack says the latest inflation reading matched expectations and persistent above-target inflation calls for Fed action to lower it.
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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.
Fed's Hammack: The main worry is that public will lose confidence inflation will return to 2%.
Fed's Hammack: The main worry is that public will lose confidence inflation will return to 2%.