Economy · News reference

Live On Fox Business, Fed's Hammack Says The Job Market Is Broadly In Balance; Latest Inflation Data In Line With Expectations; Fed Policy Needs To Be Restrictive; Expects Slow Progress On Inflation, Should End Year Around 3%; Next Year Inflation Might Ease To Around 2.5% 'At Best'; Goes Into Every Fed Meeting With An Open Mind; Says Open Minded About Cadence Of Fed Meeting Schedules