PANews reported on November 14th that, according to Jinshi News, Federal Reserve official Hammark stated that although the dollar is not a core topic of discussion among central banks, its weakening this year does not seem worrying. Hammark said, "I think there has been a lot of discussion this year about the dollar and its weakening. But it's important to remember that we started with a very strong dollar, so this year's weakening largely just brings the dollar closer to its theoretical fair value, making it more reasonable compared to other currencies." Hammark also stated that interest rate policy should remain restrictive to exert downward pressure on the still concerning inflation levels. She noted, "Given the challenges facing the Fed's dual mandate on inflation and employment, this is a difficult time for monetary policy." "But overall, I think we need to maintain a certain level of tightening to continue putting downward pressure on inflation and bring it back to our target level."PANews reported on November 14th that, according to Jinshi News, Federal Reserve official Hammark stated that although the dollar is not a core topic of discussion among central banks, its weakening this year does not seem worrying. Hammark said, "I think there has been a lot of discussion this year about the dollar and its weakening. But it's important to remember that we started with a very strong dollar, so this year's weakening largely just brings the dollar closer to its theoretical fair value, making it more reasonable compared to other currencies." Hammark also stated that interest rate policy should remain restrictive to exert downward pressure on the still concerning inflation levels. She noted, "Given the challenges facing the Fed's dual mandate on inflation and employment, this is a difficult time for monetary policy." "But overall, I think we need to maintain a certain level of tightening to continue putting downward pressure on inflation and bring it back to our target level."
Federal Reserve's Hamak: Monetary policy needs to remain tight to curb inflation.
PANews reported on November 14th that, according to Jinshi News, Federal Reserve official Hammark stated that although the dollar is not a core topic of discussion among central banks, its weakening this year does not seem worrying. Hammark said, "I think there has been a lot of discussion this year about the dollar and its weakening. But it's important to remember that we started with a very strong dollar, so this year's weakening largely just brings the dollar closer to its theoretical fair value, making it more reasonable compared to other currencies." Hammark also stated that interest rate policy should remain restrictive to exert downward pressure on the still concerning inflation levels. She noted, "Given the challenges facing the Fed's dual mandate on inflation and employment, this is a difficult time for monetary policy." "But overall, I think we need to maintain a certain level of tightening to continue putting downward pressure on inflation and bring it back to our target level."
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