Cleveland Federal Reserve President Beth Hammack joins CNBC’s “Squawk Box Europe” on Monday morning to discuss the likelihood of further interest rate cuts and the health of the U.S. economy.
Hammack’s comments come shortly after stronger-than-expected economic data appear to have dented Wall Street’s hopes for sharp monetary easing.
The Fed approved a widely anticipated rate cut earlier this month, lowering its benchmark overnight lending rate by a quarter percentage point to a range of 4.00%-4.25%, and signaled two more were on the way before the end of the year.
A robust batch of economic data since, however, has prompted investors to dial back their expectations for rapid rate cuts.
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