Fed's Hammack says rates likely on hold 'for quite some time' – WOSU radio
By Michael S. Derby
May 7 (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said in a radio interview on Thursday she expects the central bank to hold interest rates steady well into the future as it navigates a climate of considerable uncertainty.
“My outlook right now is that interest rates will be on hold for quite some time,” with the amount of time on hold not yet clear,