Hammack of the Federal Reserve: With Clear Data, the Fed May Take Action in June

Jinse reports that Cleveland Federal Reserve Bank President Beth Hammack ruled out the possibility of a rate cut in May but indicated that if there is clear evidence of economic direction, the central bank might take action as early as June. "If by June we have clear and compelling data, and we know precisely what action direction should be taken, then I believe the committee will take action," Hammack said in an interview on Thursday.