Fed's Hammack Says Price Stability Is Responsibility Of Central Banks; Inflation Remains Elevated Amid Solid Output Demand; Inflation Risk Tilted Toward Upside; Supply Shocks A Notable Challenge For Fed Policy Right Now; The Longer Inflation Remains High, The Harder It Is To Bring It Back To Target
Fed's Hammack Says Price Stability Is Responsibility Of Central Banks; Inflation Remains Elevated Amid Solid Output Demand; Inflation Risk Tilted Toward Upside; Supply Shocks A Notable Challenge For Fed Policy Right Now; The Longer Inflation Remains High, The Harder It Is To Bring It Back To Target