Fed's Hammack: Gradual rate hikes cause less disruption, favors frequent, small rate adjustments.

BlockBeats news, November 5 — 2026 FOMC voting member Hammack spoke on stablecoins and safe-haven currency exchange rates, stating: monetary policy needs to shift to a restrictive stance. Inflation has been too high and is moving in the wrong direction. Gradual rate hikes cause less disruption to the economy and financial system. The dollar remains the world's number one reserve currency, and it is hard to imagine the dollar losing its reserve currency status. The independence of the US central bank is crucial to bringing inflation down to 2%, and she prefers frequent, small rate adjustments.