Federal Reserve's Hammack: Keeping interest rates unchanged may be the best option at present
President of the Federal Reserve Bank of Cleveland, Beth Hammack: Monetary policy has only moderate restrictions.
It will take time for hard data to reflect changes in government policy.
It is essential to ensure that inflation expectations remain stable.
In the current situation, inaction may be the best choice to balance the risks of further inflation increases and a slowdown in the labor market.
Committee members need more time to assess the impact of tariffs and other government policies
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