Hamack: The Federal Reserve's statement implies that the wording of interest rate cuts is misleading

According to Jin10 Data on May 7th, Cleveland Fed President Hamack stated that the wording implying a rate cut in the Fed's policy statement is inconsistent with her assessment of the economic outlook. She believes that interest rates will remain unchanged for a longer period of time and points out that there is higher uncertainty in the economic outlook and policy path. Hamak also mentioned that the duration of the Iran war and higher prices may affect consumption and economic growth.