- Inflation is too high
- We may see unemployment continuing to rise
- For me inflation is too high and puts a real picture on households
- We have to keep a mostly restrictive policy to keep inflation down
- We have a lot more data before we get to the September meeting.
- I keep an open mind
- Right now, I’m squarely focused on inflation. We are missing quite significantly on inflation.
- I would like to be at a place where I see inflation coming back toward target.
- I think we are at a very small distance from where we are now to get to a neutral level.
- I think we are are only very modestly restrictive.
- If the unemployment rate does move higher I could be swayed.
- Right now we need to judge the magnitude and the persistence of the inflation and unemployment.
- If we see a significant weakening in the unemployment rate, it could indicate that we move to an easier policy.
Hammock is painting a less dovish view then the markets view of Powell’s comments.
This article was written by Greg Michalowski at investinglive.com.