FED'S HAMMACK OUTLINES ECONOMIC OUTLOOK AND POLICY STANCE
FED'S HAMMACK OUTLINES ECONOMIC OUTLOOK AND POLICY STANCE
The economy is in a good place, and the job market is solid, says Fed's Hammack.
Fed is well-positioned to respond to economic changes.
A patient approach to rates will allow time to assess the economy.
Likely appropriate to hold rates steady for now, inflation's path to 2% is unclear.
Assessing the impact of tariffs is important, given policy uncertainty.
Inflation risks are skewed to the upside.
Monetary policy remains "modestly restrictive."
Achieving the 2% inflation target remains paramount for the Fed.
