[Fed's Hamack: Need to Shift to Restrictive Monetary Policy to Curb Inflation] BlockBeats reports on November 12th that Federal Reserve Chairman Hamack stated that the Fed needs to shift to a restrictive monetary policy to reduce inflation. There are currently real demand pressures pushing up prices, and the latest inflation data also shows that inflation is trending in the wrong direction. Hamack stated that the Fed has fallen short in fulfilling its inflation stabilization mandate for many years, but has performed well in its employment mandate.