Fed’s Hammack: Smaller, More Frequent Rate Moves Preferred

Hammack's preference for smaller, more frequent adjustments signals a Fed still weighing gradualism over abrupt pivots, which matters for rate-sensitive crypto and tokenized real-world assets that trade on liquidity expectations. Her refusal to endorse a hike this month leaves near-term policy direction unresolved, and the emphasis on anchoring inflation expectations suggests the bar for easing remains tied to data rather than a preset path. Whether other officials echo this gradualist framing is the open question for markets parsing the next round of Fed communication.