Hammack adds:Now is a challenging time for monetary policy makingit will take a couple of years to get back to 2% inflation targetthe Fed bigger miss is on the inflation side relative to job mandate. Inflation overshoot goes beyond tariff pressure.A little bit nervous about current policy given inflation.I would not want to cut rates into accommodative territory.The economy is pretty robust and healthy right nowis closely watching inflation expectations dataAI boom could mirror what happened with Internet build out.AI is a structural economic change is not well-suited to monetary policy changes.Fed has some excellent job managing federal funds rate, but it's a small market.It's good for the Fed to debate what its interest rate target should be.It seems the memo is to tilt toward inflation over employment amongst most of the Fed officials. Is the nuance, tilt a way to slow down "markets" (i.e. stocks) without saying so. The K economy threatens a large swatch of the population who are more impacted by inflation. The have-nots don't care about stocks they care about prices. The haves meanwhile are not concerned about anything - until they do (like a correction in stocks). This article was written by Greg Michalowski at investinglive.com.