Hammack of the Federal Reserve: With Clear Data, the Fed May Take Action in June
Jinse reports that Cleveland Federal Reserve Bank President Beth Hammack ruled out the possibility of a rate cut in May but indicated that if there is clear evidence of economic direction, the central bank might take action as early as June. "If by June we have clear and compelling data, and we know precisely what action direction should be taken, then I believe the committee will take action," Hammack said in an interview on Thursday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed's Kashkari: Cryptocurrency Regulation Depends on Congress
Fed's Kashkari: Cryptocurrencies are Useless in Developed Economies
Fidelity: Public Company Purchases Lead to Lowest Exchange Bitcoin Supply Since November 2018