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Federal Reserve's Hammack: There is no conflict between the Fed's dual mandate

2026-07-17 14:10

Odaily reported that Federal Reserve official Hammack stated there is no conflict between the Fed's dual mandate. Persistently high inflation is a greater concern. The labor market is near full employment. Current core Personal Consumption Expenditures (PCE) nowcast shows core inflation at 3.3%. (Jinshi Data)