TechFlow news, on February 11, according to Jinshi Data, Federal Reserve official Hammack stated in a speech that the current economic conditions are favorable and the labor market remains robust.
He emphasized that inflation risks are still skewed to the upside, and it remains unclear whether inflation will continue to decline toward the 2% target. Current monetary policy is only "moderately restrictive," and keeping inflation within the target range is crucial for the Federal Reserve.
Hammack also noted that the Fed is well-prepared to respond to economic changes. While reducing inflation, the Fed faces the challenge of maintaining a healthy labor market.
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