Fed’s Hammack supports gradual rate hikes to manage inflation

Federal Reserve official Beth Hammack has advocated for a gradual approach to rate hikes, suggesting this as the best path forward for monetary policy. Her comments come as the federal-funds target range remains at 3.75%–4.00%, following the Fed’s decision to leave rates unchanged in its most recent meeting. Hammack emphasized that inflation remains above the Fed’s 2% target and suggested that policy should continue to be restrictive, favoring smaller, more frequent rate increases over larger, delayed ones. Market participants will be closely monitoring upcoming inflation data and Federal Reserve statements to gauge potential shifts in monetary policy sentiment.

Source: Crypto Briefing