Federal Reserve Bank of Cleveland President Beth Hammack
- Markets look strained but are functioning
- We may move much more quickly when the Fed does adjust rates.
- Monetary policy is modestly restrictive right now.
- unclear that removing SLR constraint adds to risk capacity.
- desk stands ready to engage in money markets if needed but we have been seeing seeing markets work themselves out.
- I prefer to wait than move in the wrong direction with rates.
Beth Hammack
Imagine trying to set monetary policy in the Trump-indiced chaos
