US EditionFed’s Hammack wants clear data before moving on rates, not much data by June, Reuters reports
- Federal Reserve officials, including Chair Jerome Powell and Richmond President Tom Barkin, expressed caution about raising or cutting rates as of May 2025 amid economic uncertainty in the U.S.
- This cautious stance follows high inflation in 2022–2023, tariff-driven cost increases, and unclear signals about economic slowdown and unemployment risks.
- Officials highlighted that tariffs create supply chain disruptions and persistent upward inflation pressure while causing businesses to reduce hiring and spending without major layoffs yet.
- Barkin said, "The way I’ve been describing it is, it’s really hard to drive when it’s foggy," and Powell noted rising risks of inflation and unemployment as reasons to wait.
- The Fed waits for clearer data before adjusting rates while analysts like EY’s Gregory Daco advocate for rate cuts amid signs of economic slowdown and risk of recession.
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75 Articles
Is Jerome Powell batting for three strikes? - Washington Examiner
In baseball, three strikes and you’re out. Jerome Powell has already bungled two major challenges as chairman of the Federal Reserve. Based on last week’s Fed meeting, he’s going to strike out again. Powell’s first mistake was rushing Congress into appropriating trillions for unnecessary post-COVID-19 “recovery” spending. That sent inflation soaring to 9.2%, the highest level in 40 years. His second blunder was failing to understand that the inf…
A top Fed official still sees a big economic hit coming from tariffs despite US-China talks
Drew Angerer/Getty ImagesFed Governor Adriana Kugler warned of tariff consequences even as US-China tensions ebbed.Investors should still brace for higher inflation and slower growth, she said.Markets are celebrating the rollback of US tariffs on China, but at least one Federal Reserve official still sees economic pain coming from the trade war.In a speech on Monday, Fed Gov. Adriana Kugler said that the country won't escape a negative supply sh…
Fed’s Hammack wants clear data before moving on rates, not much data by June
The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland Fed President Beth Hammack said on Friday, noting that much of the administration's sweeping agenda remains unclear.
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