Federal Reserve news

Fed's Hammack (hawkish dissenter) says gradual rate hikes less disruptive to economy and financial system and monetary policy needs to move to restrictive stance

Newsquawk Staff ·

  • Gradual rate-hike path is the best way forward for monetary policy.
  • Fed’s independence critical to getting inflation to 2%.
  • Gradual rate hikes best way to make sure the Fed gets inflation back to 2%.
  • Inflation has been too high and moving in the wrong direction.
  • Fed has earned credibility through its actions.
  • Dollar remains the world’s top reserve currency; its status owes to US institutions and the legal system.
  • Hard to see the dollar losing reserve status.

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