Reported about 6 hours ago
Cleveland Federal Reserve President Beth Hammack emphasized the need for clear economic data before making decisions on interest rates, highlighting uncertainties surrounding President Trump's tariff policies. She noted that the current absence of significant data until June and the complex impacts of trade policies create challenges for accurately assessing the economy's trajectory. While the job market remains strong, potential risks related to new tariffs could lead to changes in unemployment and inflation. Hammack advocates for a cautious approach, allowing time for data to clarify the situation.
Source: YAHOO