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Fed President Calls for Caution on Tariff Impact

4/24/2025

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Summary

Story summary

Cleveland Fed President Beth Hammack urged a patient approach in assessing how tariffs affect inflation and economic growth. She pointed out the uncertainty in monetary policy and the tension within the Fed's dual mandate. Despite stable economic data, businesses are wary, grappling with market volatility and difficulties in planning for the future.

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Story summary

Cleveland Fed President Beth Hammack urged a patient approach in assessing how tariffs affect inflation and economic growth. She pointed out the uncertainty in monetary policy and the tension within the Fed's dual mandate. Despite stable economic data, businesses are wary, grappling with market volatility and difficulties in planning for the future.