Exclusive-Fed’s Hammack wants clear data before moving on rates, not much data by June

PALO ALTO, California (Reuters) -The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland Federal Reserve President Beth Hammack said on Friday, noting that much of the administration's sweeping agenda remains unclear. "I stand ready to move whenever we have clear and convincing evidence, but ... given the overall breadth of the policies that have been discussed and put in place, I think there's a real question about what those impacts are going to look like, and so it may take longer," Hammack said. "There's not a lot of data between now and June," when the Fed next meets to set interest rates, she said in an interview on the sidelines of a monetary policy conference at Stanford University's Hoover Institution in which she elaborated on the Fed's current dilemma.