Hamak: The Federal Reserve needs to shift to restrictive monetary policy to reduce inflation.

Federal Reserve official Hamak stated that the Fed has fulfilled its employment mandate very well, but has failed in its inflation mandate. The latest inflation data is heading in the wrong direction, and the Fed needs to shift to a more restrictive monetary policy to curb inflation. Hamak is concerned that the US economy is developing an inflationary mindset. (Source: Jinshi Data)