Fed's Hammack (2026 voter) sees no imminent need to change the stance of monetary policy in an economy where inflation is still “too high”
- Given the Fed’s need to balance “elevated” inflation and a “softening” job market, these factors joined with rate cuts done last year leave monetary policy “in a good position”.
- Under her base case, thinks policy should be on hold for quite some time as they see evidence that inflation is coming down and the labour market stabilises further.
- It’s easy to envision other scenarios, as well, so she sees two-sided risks to rates.
06 Mar 2026 - 18:30- Fixed IncomeImportant- Source: Market Source
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