Hammack is a non-voter this year.
- Doesn't see any imminent case to cut rates
- Would rather be slow and right than fast and wrong with mon pol
- Possible tariffs may have one-time hit on inflation but that's hard to say right now
- US economy has solid momentum, job market solid so far
- Still some ways to get inflation to 2% target
- Tariffs have added uncertainty to outlook
This certainly isn't a dovish shift.
