Federal Reserve's Stance on Interest Rates and Economic Health

According to Odaily, Federal Reserve official Hamack stated that there is no intention to lower interest rates to a more accommodative range, as the economy is currently robust and healthy. The Fed is closely monitoring inflation expectation data. Hamack noted that the Federal Reserve has been effective in managing the federal funds rate, although it is a small market. He emphasized that debating the Fed's interest rate targets is beneficial, and some level of volatility in the money market is acceptable. The adequate reserves framework is considered the correct operational approach. Hamack expressed satisfaction with the use of the standing repo facility, though he was surprised it has not been more widely utilized.