Fed official said that the US economy did not see immediate need to reduce interest rate

Member Federal reserve On Monday, the board said the US economy is “really healthy” and that it is necessary to ban reducing interest rates in uncertainty in the conditions of uncertainty about the effects of the tariffs in inflation.

The Federal Reserve Bank, Cleveland President Beth Hammock, fox business network Edward Lawrence, said he thought that the Central Bank could wait to make changes in interest rates Economic conditions develops.

“When I step back and think that the economy is really healthy, I see from 4% to 4.2% to 4.2%, stable, healthy, right and our mandate are a labor market,” he said.

“And you have inflation above 7% of the pandemic below 3%. However, we are hung in the same range, which is less than 3%, so we expect, however we expect to affect the inflation.”

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Hammack said that the FED’s binary mandate is offering a binary mandate to promote fixed prices near the recent economic data, 2% length inflation and Maximum employment It is in a better place than the other, so the current level of interest rates corresponds.

“Every meeting is clearly opinion, what I have seen and seeing us from the place where the mandate is hit by the mandate, it is due to the fact that the mandate is due to the inflation side of the mandate that we receive the restrictive posture 2%.”

The Fed said that the Fed did not see if I saw a really well-working economy and “I see an economy in the neutral ratio.”

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Hammack asked if the current interest rates of the Fed, which is 4.25% in the range of 4.25% this year, was present interest rates The risk of slowing the economy After the target is stubborn, inflation should not be slightly restricted, he said.

“Currently, the limiting position is important, because inflation is still on our goal. We worked around 2.7%.” “When we do these cuts in the fall last year, we saw that we have fallen below 7% of inflation less than 3%. In this post code.”

“If you look The main inflationIt was 2.7% when the ratio begins in September. Still around 2.7%. Thus, we expected to have more progress in this regard, and we never saw it, so it is meant to help the restrictive posture, “Hammuck said.

“I think that if we think it is especially limited to the moment, see if we see good performance, of course, we are taking our part very seriously about it.”

Fed Chair Powell has prevented the tariff concerns preventing cutting interest rates so far this year

President Donald Trump‘s tariffs, especially, especially the time and price increase, especially affecting the price increase, and created uncertainty for consumers.

Federal Reserve Chair Jerome powder Earlier, uncertainty about these tariff effects contributed to the Central Bank to reduce interest this year this year. Hammack, reflecting this feeling, should wait and see how the tariffs work for the central bank and evaluate the next interest rate movement of tariffs.

“If you look at many concrete things, you can see that the price of steel increases by a very clean 25% tariff in March.” And so you can see the discrete locations you are very clear, very special, you can see some of these effects. “

“It has decreased in other places, then in other places with extensive country tariffs, maybe return again. It is not clear where they will end.

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“There are more uncertainty and what we hear from enterprises are still working with their inventory so that the tariffs have been buying before the start and still try to get it.”

The meeting of the Fed’s next monetary policy is scheduled for July 29-30 this month.