Federal Reserve's Harker: Gradual rate hikes are the best path to bring inflation back to 2%

Federal Reserve official Harker stated that monetary policy needs to shift to a restrictive stance, and gradual interest rate hikes have a smaller impact on the economy and financial system, making it the best path to bring inflation back to 2%.

She pointed out that the inflation level in the United States is still too high and is moving in the wrong direction. Harker also stated that the independence of the Federal Reserve is crucial for achieving the 2% inflation target, and the U.S. dollar remains the world's primary reserve currency, a status supported by the U.S. institutional and legal system.