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Fed Official Hamack Signals Need for Swift Action Against Inflation Running 5 Years Above 2% Target

2026-06-02 13:00:59

According to Jin10, Federal Reserve official Beth Hamack said the central bank may need to act quickly to address persistent inflation, which has exceeded the Fed's 2% target for five years. While current economic uncertainty justifies maintaining interest rates unchanged, Hamack expressed greater concern about elevated price pressures across goods and non-housing services sectors. She noted the labor market remains strong and indicated the Fed's benchmark rate "may not be sufficiently restrictive."

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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