Fed's Hammack says time for Fed to be patient on policy - CNBC

By Michael S. Derby

NEW YORK, April 24 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack on Thursday called for patience on monetary policy amid high levels of uncertainty, and did not rule out monetary policy changes by June if the data suggested action was needed.

“We'll be watching the data carefully and I enter every meeting with an open mind about whether it's a time that we should be continuing to be patient, or a time that we should take action,” Hammack said in an interview on CNBC. “If we have clear and convincing data by June, then I think you'll see the committee move, if we know which way is the right way to move at that point in time,” she said.