Fed's Hammack calls for patience in assessing what impacts tariffs will have on the economy

Fed's Hammack calls for patience in assessing what impacts tariffs will have on the economy

The Cleveland Fed president said Thursday she thinks policymakers need to be patient rather than pre-emptive.

US company bosses warn over tariffs impact

US company bosses warn over tariffs impact Top executives at well-known US firms are warning about the impact that tariffs are having on their companies and the wider economy. Technology giant Intel, footwear maker Skechers and consumer goods firm Procter & Gamble, have either cut their profit…

Fed's Hammack calls for patience in assessing what impacts tariffs will have on the economy - Los Angeles Weekly Times

Cleveland Fed President Beth Hammack said Thursday she thinks policymakers need to be patient rather than preemptive in assessing how tariffs will impact inflation and growth. In her first broadcast interview since taking the reins at the central bank district in August 2024, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rate policy. “I think we need to be patient. I think th…

Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy

Cleveland Fed President Beth Hammack said Thursday she thinks policymakers need to be patient rather than pre-emptive in assessing how tariffs will impact inflation and growth.In her first broadcast interview since taking the reins at the central bank district in August 2024, Hammack noted the high level of uncertainty now and did not commit to…

Federal Reserve officials, such as Christopher Waller and Beth Hammack, said they do not see any urgency in changing monetary policy, as they are looking for more data on the impact of tariffs imposed by the Trump administration.