Fed's Hammack sees no imminent need to cut interest rates

Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday she sees no pressing need to cut interest rates when there’s still a lot of uncertainty what trade tariffs will do to inflation, which is still above the central bank’suncertainty what“Given the resilience of the economy thus far, the risks from maintaining the current policy setting appear low, and I don’t see a weakening in the economy that would merit imminent rate cuts, though I remain attentive to that possibility,” Hammack said in the text of a speech to be delivered in London.
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