Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cleveland Fedpresident outlines cautious outlook, urges regional engagement amid tariff uncertainty
Summary
At a Columbus Metropolitan Club forum, Beth M. Hammock, president and CEO of the Federal Reserve Bank of Cleveland, described a mixed U.S. economic picture, warned that recent tariff actions raise risks of simultaneous slower growth and higher inflation, and urged Central Ohio stakeholders to share local economic information with the Fed.
Beth M. Hammock, president and CEO of the Federal Reserve Bank of Cleveland, said the U.S. economy faces a mixed outlook and that the Fed is monitoring heightened uncertainty from recent tariff actions during a Columbus Metropolitan Club forum at the Ellis in Columbus.
Hammock said the Cleveland Fed's work combines national monetary policy input with local outreach. "We start by looking no further than our own backyard," she said, noting the Cleveland Fed represents all of Ohio, western Pennsylvania, eastern Kentucky and the Northern Panhandle of West Virginia.
The Fed president summarized the central bank's roles and recent indicators: supervision of more than "260 financial institutions" in the district, operation of payment services, consumer-protection and community-development work, and participation in the Federal Open Market Committee (FOMC) that sets monetary policy. She said the FOMC has a dual mandate to achieve maximum employment and stable prices and generally meets…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
