Cleveland Fed president says she 'would not see a case' for September rate cut given latest economic data
From finance.yahoo.com
Cleveland Fed president Beth Hammack said Thursday that the case for cutting interest rates in September would be a hard one to make given recent economic data. "There's a lot of data we're going to get between now and September and I walk into every meeting with an open mind about what the right thing to do is, but with the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,” Hammack told Yahoo Finance at the Jackson Hole Economic Symposium. Hammack, who said the Fed needs to "stay laser focused" on bringing inflation down to its 2% ...
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