Federal Reserve's Hamack: If high inflation persists, a more significant adjustment may be needed.

Federal Reserve Chairman Hamak stated on June 2nd that maintaining stable interest rates is reasonable at present. However, if high inflation persists, a more significant adjustment may be necessary. He expressed greater concern about the risk of persistently high inflation. The economy faces multiple factors driving inflation upwards. If the inflationary trend does not subside, the Fed may need to act "as soon as possible." Waiting until high inflation becomes deeply entrenched in the economy and shows clear signs before taking action carries risks. The unemployment rate is nearing full employment. The severe energy shock poses a significant challenge to monetary policy.