Fed's Hammack: Gradual rate hikes are the best path to bring inflation back to 2%

Odaily reports: Federal Reserve official Hammack stated that monetary policy needs to shift to a restrictive stance, and gradual rate hikes have a smaller impact on the economy and financial system, making them the best path to bring inflation back to 2%. She noted that U.S. inflation remains too high and is moving in the wrong direction. Hammack also stated that the Fed's independence is crucial to achieving the 2% inflation target, and the U.S. dollar remains the world's primary reserve currency, a status underpinned by America's institutional and legal framework.