No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 3, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy

by TheAdviserMagazine
5 months ago
in Markets
Reading Time: 3 mins read
A A
Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy
Share on FacebookShare on TwitterShare on LInkedIn


Cleveland Fed President Beth Hammack said Thursday she thinks policymakers need to be patient rather than preemptive in assessing how tariffs will impact inflation and growth.

In her first broadcast interview since taking the reins at the central bank district in August 2024, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rate policy.

“I think we need to be patient. I think this is a time when we want to make sure we’re moving in the right direction, than moving too quickly in the wrong direction,” she told CNBC’s “Squawk Box.” “So I would rather take our time to make sure we’re looking at the data, the hard data … which are actually really good.”

Hammack’s remarks come at a sensitive time for the Federal Reserve, which has been left to assess the impact of President Donald Trump’s tariffs on both inflation and employment.

Several central bank officials, including Chair Jerome Powell, have said the duties pose threats to both sides of the Fed’s “dual mandate,” posing another challenge on how to calibrate monetary policy. Hammack also voiced concerns over how the Fed might balance those priorities.

“It could be that we have the two sides of our mandate and conflict, which is the most challenging for monetary policy,” she said. “If it’s higher inflation, lower employment, that’s where things get really complicated.”

Markets strongly expect the Fed will stand pat on interest rates when it meets May 6-7, then resume cutting rates in June with the likelihood of a total three or four reductions by the end of the year, according to CME Group data.

Hammack does not vote this year on the rate-setting Federal Open Market Committee but will vote in 2026.

“If we have convincing data by June, then I think you’ll see the committee move if we know which way to move at that point,” Hammack said.

However, uncertainty over tariff policy and how the Fed might react has contributed to substantial market volatility in recent months, with stocks struggling, Treasury yields rising and the U.S. dollar falling.

A former Goldman Sachs executive, Hammack said she is sensitive to market movements but only in how they affect broader economic conditions.

“Our job is not to focus on what the markets are doing. Our job is to focus on how that’s going to impact households and businesses, and what that’s going to mean in the real economy,” she said. “So we’re not steering the markets. We’re steering the real economy.”

Hammack noted that the “hard” economic data such as unemployment and inflation is still relatively good, while “soft” data such as surveys shows elevated levels of concern.

“What we’re hearing right now is that the uncertainty is really weighing on businesses,” she said. “It’s creating issues for them in terms of planning, in terms of thinking about where they’re going to go, and so some of them have put pauses on whether they’re going to make bigger investments, whether they’re going to invest in new facilities, new capital plans, and then they’re thinking about their hiring plans.”

“I wish I had a crystal ball. We don’t have one,” Hammack added.

Get Your Ticket to Pro LIVE

Join us at the New York Stock Exchange!Uncertain markets? Gain an edge with CNBC Pro LIVE, an exclusive, inaugural event at the historic New York Stock Exchange.

In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12.

Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!



Source link

Tags: assessingcallseconomyFedsHammackimpactspatienceTariffs
ShareTweetShare
Previous Post

Coinbase ends fee on PayPal USD purchases as stablecoin race heats up

Next Post

Improving Your Home Life to Boost Financial Growth

Related Posts

edit post
6 of the Most Surprising Credit Card Rewards Available Right Now

6 of the Most Surprising Credit Card Rewards Available Right Now

by TheAdviserMagazine
October 3, 2025
0

PeopleImages.com - Yuri A / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article, we may earn...

edit post
New Shows and Movies Coming to Prime Video in October

New Shows and Movies Coming to Prime Video in October

by TheAdviserMagazine
October 2, 2025
0

pixinoo / Shutterstock.comIf your household is among the millions with an Amazon Prime membership, you should know that the many...

edit post
Alliance Laundry prepares to go public. Here’s what you need to know

Alliance Laundry prepares to go public. Here’s what you need to know

by TheAdviserMagazine
October 2, 2025
0

After a relatively weak 2024, the US IPO market has bounced back with increased activity in 2025, with technology and...

edit post
Why Search For Property Owners First? Here’s Five Reasons

Why Search For Property Owners First? Here’s Five Reasons

by TheAdviserMagazine
October 2, 2025
0

In This Article This article is presented by PropStream. Do you remember the time when we would get deliveries of...

edit post
Dan Ives says AI-related M&A ‘floodgates’ are about to open. Here are his takeover picks

Dan Ives says AI-related M&A ‘floodgates’ are about to open. Here are his takeover picks

by TheAdviserMagazine
October 2, 2025
0

A Nvidia HGX H100 server at the Yotta Data Services Pvt. data center in Navi Mumbai, India, on Thursday, Mar....

edit post
Lamb Weston (LW): A few points to note about the French fry giant’s Q1 2026 performance

Lamb Weston (LW): A few points to note about the French fry giant’s Q1 2026 performance

by TheAdviserMagazine
October 2, 2025
0

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) stayed green on Thursday. The stock has gained over 18% in the...

Next Post
edit post
Improving Your Home Life to Boost Financial Growth

Improving Your Home Life to Boost Financial Growth

edit post
Tax Treatment of Hemp and Other Intoxicants (THC)

Tax Treatment of Hemp and Other Intoxicants (THC)

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’

Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’

0
edit post
Lamb Weston (LW): A few points to note about the French fry giant’s Q1 2026 performance

Lamb Weston (LW): A few points to note about the French fry giant’s Q1 2026 performance

0
edit post
Citi lifts ether outlook, trims bitcoin view as investor flows shift

Citi lifts ether outlook, trims bitcoin view as investor flows shift

0
edit post
Links 10/3/2025 | naked capitalism

Links 10/3/2025 | naked capitalism

0
edit post
OnePay to add Bitcoin and Ether trading with Zerohash’s help

OnePay to add Bitcoin and Ether trading with Zerohash’s help

0
edit post
Senior Discounts That Overcharge More Than Regular Rates

Senior Discounts That Overcharge More Than Regular Rates

0
edit post
Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’

Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’

October 3, 2025
edit post
OnePay to add Bitcoin and Ether trading with Zerohash’s help

OnePay to add Bitcoin and Ether trading with Zerohash’s help

October 3, 2025
edit post
Exclusive: Supabase raises 0 million at  billion valuation as vibe coding soars

Exclusive: Supabase raises $100 million at $5 billion valuation as vibe coding soars

October 3, 2025
edit post
Links 10/3/2025 | naked capitalism

Links 10/3/2025 | naked capitalism

October 3, 2025
edit post
Hydrogen Fueling Station Market Growth Outlook & Investment Opportunities

Hydrogen Fueling Station Market Growth Outlook & Investment Opportunities

October 3, 2025
edit post
La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy

La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy

October 3, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’
  • OnePay to add Bitcoin and Ether trading with Zerohash’s help
  • Exclusive: Supabase raises $100 million at $5 billion valuation as vibe coding soars
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.