From Yahoo Finance: 2025-04-16 12:03:00

Federal Reserve Bank of Cleveland President Beth Hammack urged caution in interest rate policy due to high economic uncertainty. She emphasized the need for more data before making any decisions. Tariff increases have added to uncertainty, impacting the Fed’s monetary policy. Hammack highlighted the balance needed between inflation and a slowing labor market. While rate cuts are expected, the Fed remains cautious due to mixed economic data and tightening financial conditions. Hammack stressed the importance of navigating risks correctly rather than rushing into rate changes. The Fed faces challenges in balancing inflation and employment outcomes, requiring a careful approach to monetary policy.



Read more at Yahoo Finance: Fed’s Hammack sees steady monetary policy as central bank seeks more data