Federal Reserve official Hammack said she prefers frequent, small adjustments to interest rates. She also said the dollar remains the world's top reserve currency and that the Fed has earned credibility through its actions.
Fed's Hammack says she favours frequent, small interest-rate adjustments
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The story so far: Fed October rate decision
The FOMC kept its target range at 3.75%-4.00%, with Cook and Hammack dissenting in favour of a rate rise. Hammack now says she prefers frequent, small interest-rate adjustments and that the dollar remains the top reserve currency.
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Fed's Hammack says she favours frequent, small interest-rate adjustments
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