Fed's Hammack Says Holding Rates Steady Remains Reasonable
Cleveland Fed President Beth Hammack stated on Friday that keeping interest rates steady is reasonable for now, but warned that persistent economic trends may soon require action.
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates unchanged for the time being. However, she cautioned that if current economic trends persist, policymakers may soon need to take steps to address ongoing concerns.
The comments come as the Fed continues to monitor inflation and labor market data, with no immediate change in policy expected at the next meeting.
Source: FXStreet Forex News