Fed official Hammack: Fed may take action in June after clear data

Odaily Odaily News Cleveland Federal Reserve Bank President Beth Hammack ruled out a rate cut in May, but said the central bank could take action as early as June if there is clear evidence of the direction of the economy. "If we have clear and convincing data by June and we know exactly what direction to take at that time, then I think the committee will act," Hammack said in an interview on Thursday.