Fed's Beth Hammack: Policy could remain on hold for 'quite some time'

Walk on the street. I'm Steve Leeman. The big Fed news of the morning, of course, is Fed Chair Powell in his testimony before Congress pushing back against the possibility of a July rate cut from two of his committee members.More on that in just a second. But first, we have new comments from Cleveland President Beth Hammock adding to the chair's view that rates should remain on hold. She says she does not see economic weakening that would merit rate cuts.The risk to maintaining current policy, she says, app ...