Fed’s Hammack tilts hawkish on rates, questions CPI drop as distorted

Federal Reserve Governor Michelle Hammack has adopted a more hawkish stance regarding interest rates, expressing skepticism about the recent decrease in the Consumer Price Index (CPI), which she believes may be misleading or distorted. Hammack's comments suggest that she is concerned about the underlying factors influencing inflation and is advocating for a cautious approach in monetary policy to ensure that any perceived improvements in inflation are not temporary or misleading. source: https://www.coindesk.com/markets/2025/12/21/incoming-voter-on-interest-rate-policy-cleveland-fed-s-hammack-says-no-more-cuts