A Federal Reserve official, Hammack, has expressed the need for action to reduce inflation. This statement indicates a sense of urgency and a desire to address the issue.

Further details about Hammack's statement are available from Bloomberg.com, which reported on the official's comments. The source provides more information on the topic, but specific details are not provided here.

Readers can find more information on the Federal Reserve's stance on inflation and Hammack's statement by visiting Bloomberg.com.