- Further easing in inflation is far from certain and upside risks abound
- Easing inflation has been uneven and has slowed
- Seeks evidence inflation is moving to 2% before supporting more cuts
- Patient policy will also allow Fed to monitor jobs market
- Policy does not appear to be 'meaningfully restrictive'
- Broad financial conditions are accommodative right now
Hammack is a hawk but her comments here are mostly in line with what other officials at the Fed have been saying.
