Cleveland Fed Pres. Beth Hammock speaking on CNBC says:
- Uncertainty is weighing on businesses. Influences planning on spending and employment
- Wish I had a crystal ball on implications on tariffs
- Cone of possibilities for economy are so wide.
- Does not have basecase right now. Is looking at snares for economy
- I would rather take our time on policy. Look at the data
- Fed needs to be patient
- Soft data is more concerning. Seeing good things in the hard data
- Fed will move quickly if they have to.
This article was written by Greg Michalowski at www.forexlive.com.
