Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'

energy prices are really important for individuals and for consumers. They feel the price of gasoline at the pump every time they go to refill their cars, and so it really can weigh on them. And so we have to look at both sides of that impact.On the one hand, it may be more inflationary and it may be keeping prices higher than we would otherwise want, but on the other if it starts to impact consumers and their willingness to spend, that could mean that we see some impacts flow through in the growth numbers ...