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[Cleveland Fed's Hammack Urges Patience On Monetary Policy, Signals Possible June Action] Federal Reserve Bank Of Cleveland President Beth Hammack Said On Thursday That The Fed Should Be Patient With Monetary Policy Given The High Level Of Uncertainty. While Stating It Is Too Soon To Change Policy At The May 6-7 Meeting, Hammack Noted That The Fed Could Take Action By June If Clear And Convincing Data Warrant A Move.

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