Federal Reserve Bank of Cleveland President Beth Hammack:
- Sentiment data about the economy concerning
- If the Fed faces challenges on inflation and unemployment it will be a difficult choice
- Will take more time to see how business decisions are influenced by trade policy
- Right now the best action for the Fed is to sit on its hands
Federal Reserve Bank of San Francisco President Mary Daly is speaking at the same event:
- The net effect of Trump administration trade, immigration, other polices remains unknown
Federal Reserve Bank of Atlanta President Raphael Bostic is moderating the discussion:
- Do not expect a recession, but unclear when households and firms will feel comfortable making long run spending decisions
- On the most high profile questions, including trade policy, clarity seems to be moving further into the future
Hammack
This article was written by Eamonn Sheridan at www.forexlive.com.
