Fed's Hammack: We Are Not Seeing A Move To Abandon Dollar By Investors But Moving To More Neutral Weight
FED'S HAMMACK Says There Is No Need To Overreact To The Changing Dollar Situation 💵.
Fed's Hammack: There is no need to be overly dramatic about shift out of the dollar.
Federal Reserve official Hammack said investors are not abandoning the U.S. dollar but are instead moving toward a more neutral weighting, underscoring that recent fluctuations do not signal a loss of the currency’s safe-haven status. He added that there is no need for policymakers or markets to overreact to the shift, describing the latest moves as part of a cyclical pattern rather than a structural change in global reserve preferences.
