Federal Reserve Bank of Cleveland President Beth Hammack Advocates for Steady Monetary Policy

In a recent address at the Columbus Metropolitan Club, Federal Reserve Bank of Cleveland President Beth Hammack highlighted the importance of maintaining a steady monetary policy. She pointed out the need to balance the risks associated with elevated inflation and a slowing labor market.

Uncertainties in Trade Policy Add Complexity to Economic Predictions

Hammack also discussed the challenges posed by the new US administration's trade policies, including recent tariffs. She emphasized that these changes represent a significant shift in trade policy, the economic impacts of which will take time to fully understand.

"The tariffs that have been put in place constitute a substantive change in trade policy. It will take some time for the overall economic effects of these recently enacted and other proposed changes to government policies to become clearer," Hammack noted.