Federal Reserve Bank of Cleveland President Beth Hammack
Markets look strained but are functioningWe 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.Imagine trying to set monetary policy in the Trump-indiced chaos
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