Fed's Hammack favors frequent small rate hikes
- —Hammack said rates need to go higher
- —She prefers smaller but more frequent hikes
- —Current policy is not restrictive enough, she said
- —No size, timing or number of hikes specified
Why it matters: A hawkish Fed signal pressures risk assets, including crypto, ahead of the CPI print and the Oct. 28 meeting.
Source: TokenPost