Cleveland Fed Pres. Hammack is adding additional comments saying:
- It is not appropriate to respond to every twist and turn of markets.
- Focuses on how markets impact economy, not focused on asset prices per se.
- It’s going to take time to see how trade policies impact economy.
- ‘Right thing’ might be to stay on hold for now, steady policy is ‘active choice’.
- When things are uncertain better to think about scenarios over forecasts.
- Sustained tariff battles could create more extended pressures.
- Goes into every Fed meeting with an open mind.
This article was written by Greg Michalowski at www.forexlive.com.
