Loading...
In 2026, FOMC voting member Hamak stated that monetary policy needed to shift to a restrictive stance. Inflation was too high and heading in the wrong direction; gradual interest rate hikes would cause less disruption to the economy and financial system. Hamak believes the US dollar remains the world's leading reserve currency and finds it hard to imagine it losing that status. He argues that the independence of the US central bank is crucial to keeping inflation at 2% and that it tends to make frequent, small-scale interest rate adjustments.