Fed's Hammack: Both sides of dual mandate are under pressure

*DOJ OFFICIAL URGES FED'S POWELL TO REMOVE GOVERNOR LISA COOK Department of Justice Indicates Cook’s Criminal Referral Needs More Investigation DOJ'S Martin: I intend to Invesigate Feds Cook over mortgages.

Hammack States That With Current Data, a September Rate Cut Seems Unlikely Federal Reserve's Hammack States that Current Policy Is Close to Neutral and No Stimulus Is Needed Fed's Hammack: We're Missing On Inflation, Need To Stay Laser-Focused

Fed's Schmid: Policy Is Modestly Restrictive, Appropriate – BBGTV Fed's Schmid: Officials will be watching August and September inflation data. FED'S SCHMID: SURE THAT COOK WILL HANDLE MATTERS AS SHE NEEDS TO - CNBC PERHAPS MORTGAGE APPLICATIONS COULD BE SIMPLIFIED SCHMID: INFLATION NUMBER LIKELY CLOSER TO 3 THAN 2, THERE IS WORK TO DO A LOT OF DATA STILL UNTIL SEPTEMBER MARKETS AND SPREADS ARE IN GOOD SHAPE; NEED DEFINITIVE DATA TO MOVE THE POLICY RATE NOT IN A HURRY TO CUT INTEREST RATES SEARCHING FOR DATA THAT SHOWS FED POLICY IS…