Federal Reserve's Hammack: Not convinced inflation will continue to improve, needs to bring inflation down to 2% faster

Odaily Planet Daily News Federal Reserve's Hammack said in his latest remarks that inflation needs to be brought down to 2% faster. He stated: "The two most recent inflation reports are encouraging, but I cannot be confident that inflation will continue to improve in this direction. Americans are facing real pressure from inflation. Beyond inflation, we also need to pay attention to private credit and whether there is a bubble in artificial intelligence. Employment data also contains noise. Currently, a significant amount of leverage is being used to purchase Treasury bonds, so Treasuries are one area I am monitoring for financial stability." (Jin Shi)