Fed's Stance on Economic Signals and June Meeting

Federal Reserve Bank of Cleveland President Beth Hammack emphasized the Fed's readiness to act at its June meeting, provided the economic trajectory becomes clear. Highlighting the importance of patience and data monitoring, Hammack also noted the Fed's capacity for swift action when necessary.

Trade Tariffs and Business Impact

Addressing current economic challenges, Hammack pointed out the uncertainty surrounding trade tariffs as a significant burden on businesses. This uncertainty is affecting spending and employment plans across various sectors.

Market Functionality and Volatility

Despite recent market volatility, Hammack reassured that the markets remain functional. She clarified the Fed's role is not to steer the markets but to support the economy, which she described as "very resilient."