Fed's Hammack says rates likely on hold 'for quite some time' - WOSU radio
From kitco.com
Federal Reserve Bank of Cleveland President Beth Hammack said in a radio interview on ​Thursday she expects the central bank to hold interest rates steady well into the future as it navigates a climate of considerable uncertainty. “My outlook right now is that interest rates will be on hold for quite some time,” with the amount of time on ​hold not yet clear, Hammack said in an interview on the WOSU ​public radio station. “Based on what I see right now, I see ⁠a lot of uncertainty in the economic outlook” and “I think our statement should have ​a pretty neutral stance about whether the next move is down or up or ...
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