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Fed's Hammack: Reasonable to take a wait and see approach
EXCLUSIVE-FED'S HAMMACK:
REASONABLE TO TAKE A WAIT AND SEE APPROACH
READY TO MOVE ON RATES WHEN THERE IS CLEAR AND CONVINCING EVIDENCE
NOT A LOT OF DATA BY FED'S JUNE MEETING
LIKE TO BE PREEMPTIVE, ACTION ORIENTED WHEN WE CAN, HARD TO DO GIVEN UNCERTAINTY OVER TARIFF AND OTHER POLICIES
RATHER BE SLOW AND MOVE IN RIGHT DIRECTION THAN FAST AND WRONG
BUSINESSES ARE LOOKING AT POSSIBLE LAYOFF PLANS IF DEMAND WEAKENS, BUT NOT ACTING ON THEM
BUSINESSES MAY WANT TO RAISE PRICES, BUT ARE CONCERNED ABOUT EFFECT ON DEMAND
US ECONOMY HAS PROVEN RESILIENT, PREMATURE TO MAKE A CALL ON ITS FUTURE DIRECTION
MUST LOOK AT NET EFFECT OF ALL TRUMP ADMINISTRATION POLICIES
Low Impact
Breaking