[Federal Reserve's Hammack: No Need to Raise Interest Rates to Address Inflation Pressure for Now] Federal Reserve's Hammack stated that she currently does not believe it is necessary to raise interest rates to address high inflation pressure but acknowledged that this view might change. She pointed out that although inflation levels are high, raising interest rates is not her current baseline expectation. The Federal Reserve needs to maintain moderately tight monetary policy to reduce inflation amid a weakening labor market. Hammack mentioned that if the labor market performs more robustly, employment data does not indicate an economic slowdown, or inflation remains persistently high, it may prompt her to adjust her stance on interest rate policy.