Investing.com -- Federal Reserve official Beth Hammack, who also serves as the Cleveland Fed President, has stated that some firms are currently putting a pause on their investments due to prevailing uncertainties. She expressed this viewpoint during her appearance on CNBC on Wednesday.
Hammack also mentioned that it is premature to contemplate any rate changes in the upcoming month of May. However, she emphasized that the Federal Reserve is prepared to act swiftly if the situation necessitates such a move.
Additionally, Hammack noted that despite the present uncertainties, companies are still showing reluctance in laying off their employees. She also hinted at the possibility of the Federal Open Market Committee (FOMC) making a move in June, provided they are presented with clear and convincing data.
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