Hammack voted for a hike at the last meeting so her view is that ‘gradual’ means every meeting.
Other comments:
- Gradual rate hikes less disruptive
- Mon pol needs to move to a restrictive stance
- Gradual hikes are best way forward
- Inflation is too high and moving in the wrong direction
- Hard to see USD losing reserve status
Given that she’s a hawk, it’s not surprise that she is advocating for rate hikes. The dollar is generally flat today and the market sees an 82% chance of a hike on December 9.
This article was written by Adam Button at investinglive.com.