Fed’s Hammack says policy restrictiveness still needed

The Cleveland Fed President Beth Hammack crossed the wires once more in Fox Business, stating that the job market is broadly in balance, while adding that “we need restrictiveness in policy.”

Key highlights:

The job market is broadly in balance - Fox Business

It's time to act; we need restrictiveness in policy.

I expect slow progress on inflation, should end year around 3%.

Next year inflation might ease to around 2.5% at best.