Fed's Stance on Economic Indicators

Federal Reserve Bank of Cleveland President Beth Hammack emphasized the importance of clear economic signals for the Fed's next move, potentially at its June meeting. She highlighted the need for patience and careful monitoring of incoming data, while also being prepared to act swiftly if necessary.

Impact of Trade Tariffs on Business

Hammack pointed out the uncertainty surrounding trade tariffs as a significant factor affecting business decisions, including spending and employment plans. Despite the challenges, she reassured that the markets remain functional, albeit with notable volatility in recent weeks.

Fed's Focus on Economy Over Markets

Asserting the Fed's primary role in steering the economy rather than the markets, Hammack described the current economic landscape as "very resilient." This resilience, she suggested, is a testament to the Fed's ability to navigate through uncertain times without directly influencing market directions.