Cleveland Fed Hammock: Uncertainty is weighing on businesses. Influences planning

Cleveland Fed Pres. Beth Hammock speaking on CNBC says:

• Uncertainty is weighing on businesses. Influences planning on spending and employment
• Wish I had a crystal ball on implications on tariffs
• Cone of possibilities for economy are so wide.
• Does not have basecase right now. Is looking at snares for economy
• I would rather take our time on policy. Look at the data
• Fed needs to be patient
• Soft data is more concerning. Seeing good things in the hard data
• Fed will move quickly if they have to.
• When it is clear which way the economy is going, that is when the Fed will react
• It is the real data that the Fed is monitoring
• Watches markets for their impact on real economy

This article was written by Greg Michalowski at www.forexlive.com.