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DeepNewz, mobile.
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Federal Reserve official Hammack said on 14 July that the current policy rate is "pretty close" to the economy’s neutral level and that there is no imminent need for a rate cut. Hammack added that the U.S. central bank would adjust policy if economic conditions weaken, but for now sees the existing stance as appropriately calibrated.
JUST IN: 🇺🇸 Fed's Hammack “We are pretty close to where the neutral rate is. I don't see an imminent need to cut rates”
🇺🇸 NEW: Fed's Hammack says: ~ No urgent need to cut rates as we're near neutral, but we'll act if economy weakens.
Fed's Hammack: We are pretty close to where the neutral rate is. I don't see an imminent need to cut rates.
