Federal Reserve's Hammack: Need to shift to restrictive monetary policy to lower inflation

Odaily讯 Federal Reserve's Hammack latest remarks: "The Fed has done a very good job fulfilling its employment mandate, but the Fed has been absent on its inflation mandate for years. The latest inflation data shows it is moving in the wrong direction. We need to shift to restrictive monetary policy to lower inflation. I am concerned that the U.S. economy may develop an inflation mindset." (Jinshi)