Fed’s Hammack: Fed likely to hold rates steady ‘for some time’

• Further easing in inflation is far from certain and upside risks abound
• Easing inflation has been uneven and has slowed
• Seeks evidence inflation is moving to 2% before supporting more cuts
• Patient policy will also allow Fed to monitor jobs market
• Policy does not appear to be ‘meaningfully restrictive’
• Broad financial conditions are accommodative right now

Hammack is a hawk but her comments here are mostly in line with what other officials at the Fed have been saying.

This article was written by Adam Button at www.forexlive.com.