Fed's Hammack: Need to shift to restrictive monetary policy to bring down inflation

Odaily: In her latest remarks, Fed's Hammack said: "The Fed has done a very good job on its employment mandate, but it has been missing on its inflation mandate for years. The latest inflation data show it is moving in the wrong direction. We need to shift to restrictive monetary policy to bring down inflation. I worry that the U.S. economy may develop an inflation mindset." (Jinshi)