Cleveland Fed's Hammack Weighs Next Policy Move
Cleveland Fed President Beth Hammack stated that the September employment report aligns with recent hiring trends. She noted that officials have ample time to evaluate incoming data before deciding on the next monetary policy step.
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that recent United States employment data aligns with hiring trends, leaving room to assess the next monetary policy move. The September jobs report showed a hiring gain of 29,000 and an unemployment rate rise to 4.2%. The figures match broader labor sector performance, Hammack said during an interview with the PBS News Hour program.
