[Federal Reserve's Hammack: Monetary policy must remain tight to curb inflation] According to Jinshi reports, Federal Reserve's Hammack stated that although the U.S. dollar is not a core topic in the central bank's discussions, the dollar's weakening this year does not seem concerning. Hammack said: 'I think there has been a lot of discussion about the dollar and its weakening this year. But it’s important to remember that we started from a position of extreme dollar strength, so this year’s weakening is largely just bringing the dollar closer to its theoretical fair value, making it more reasonable compared to other currencies.' Hammack also emphasized that interest rate policy should remain restrictive to exert downward pressure on inflation levels, which remain concerning. She noted: 'Given the Federal Reserve's dual mandate of inflation and employment, this is a challenging period for monetary policy. But overall, I believe we need to maintain a certain degree of tightening to continue putting pressure on inflation and bring it back to our target level.'