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Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed's key overnight borrowing rate steady.
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Inflation has topped the Fed's 2% target for more than five years
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The main inflation barometer used by the Federal Reserve to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Fed took no action this week to raise borrowing costs.
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Fed chair Kevin Warsh has been outspoken about the need to bring inflation down. But his stinginess with details this week has raised anxiety about less predictable policy.
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Investors are increasingly readying for the Federal Reserve to hike interest rates in September.
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