Fed’s Hammack supports gradual rate hikes to manage inflation

Cleveland Fed President Beth Hammack said she supports gradual interest rate hikes to keep inflation in check, according to Crypto Briefing. The approach is intended to stabilize inflation-control efforts, though it risks prolonging economic uncertainty and weighing on long-term market expectations. The article did not disclose specific figures such as token prices, total value locked, trading volumes, market capitalization or funding amounts. The stance matters because it signals that Fed policy may stay tighter for longer than markets hope, a headwind for risk assets including cryptocurrencies. What to watch next is whether other Fed officials echo Hammack’s preference for gradual tightening and how rate expectations shift accordingly.