Federal Reserve Bank of Cleveland President Beth Hammack:
- big uncertainty over the outlook continues to argue for the Fed taking it slow on monetary policy to see how the economy performs
-
“This is not a good time to be pre-emptive” with monetary policy
- “This is a good time to watch and watch” and gather data to determine what the right course of action will be
Earlier:
- Fed’s Hammack says some volatility in overnight markets is not a bad thing
- Fed’s Hammack says uncertainty a big issue in economy, causing businesses to pause
Only a couple of weeks or so until the next FOMC meeting:
This article was written by Eamonn Sheridan at www.forexlive.com.
