[Federal Reserve's Hammark: Gradual Rate Hikes are the Best Path to Push Inflation Back to 2%] Odaily Planet Daily reports that Federal Reserve official Hammark stated that monetary policy needs to shift to a restrictive stance, and that gradual rate hikes have a smaller impact on the economy and financial system, making it the best path to push inflation back to 2%. She pointed out that US inflation remains too high and is trending in the wrong direction. Hammark also stated that the Federal Reserve's independence is crucial to achieving the 2% inflation target, and that the US dollar remains the world's primary reserve currency, its status benefiting from the US institutional and legal system.