Cleveland Fed Pres.
Beth Hammack is speaking and says: I see a lot of uncertainty in economic outlook
Fed should be neutral and policy stance outlook given the uncertainty. Higher prices are weighing on consumer’s ability to stand. Iran war can impact both sides of Fed’s mandate.
There was a lot more consensus that it appears at Fed meeting Sees interest rates on hold for quite some time Sees low and stable unemployment right now. Job market remains low higher/low fire environment. Fed has been missing inflation target for years.