Federal Reserve official Hammark emphasized the need for a restrictive monetary policy to address persistent inflation concerns. Speaking on November 14th, Hammark noted that while the dollar's weakening this year is not alarming, maintaining tight interest rates is crucial to exert downward pressure on inflation. She highlighted the challenges posed by the Fed's dual mandate on inflation and employment, underscoring the importance of continued policy tightening to achieve target inflation levels.
Fed's Hammark Advocates Tight Monetary Policy to Tackle Inflation
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