Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy

Key Points

In her first broadcast interview since taking the reins at the Cleveland Fed, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rates.
A former Goldman Sachs executive, Hammack said she is sensitive to market movements but only in how they affect broader economic conditions.

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Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

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Tricolor CEO received a .25 million bonus weeks before company’s bankruptcy, prosecutors say

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Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say

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Key Points Tricolor CEO Daniel Chu directed a deputy to send him $6.25 million in bonuses in August, weeks before the company filed for bankruptcy, U.S. prosecutors alleged. Chu is accused of engaging in “systemic fraud” over roughly seven years through 2025, according to an indictment unsealed on Wednesday. Prosecutors say Chu used some of […]

Finance

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