Golden Finance reported that Beth Hammack, President of the Cleveland Federal Reserve, stated that it is reasonable for the FOMC to maintain a wait-and-see approach regarding monetary policy.

Jinse Finance reported that Beth, president of the Federal Reserve Bank of Cleveland,

On March 17, the Federal Reserve's latest economic projections, released this week, will provide the most tangible evidence yet of how Fed officials view the possible impact of the Trump administration's policies. Top forecasters have lowered their forecasts for economic growth this year, raising the expected risk of a recession and expecting inflation to rise as Trump's new tariffs on imports affect global markets. Starting with what some policymakers call the "sweet spot" of steady growth and risk balancing, a more difficult situation suddenly emerges as uncertainty increases in forecasts and the stock market plummets. Beth Ann Bovino, chief economist at Bank of America, said a "soft landing" was still possible as the economy continued to grow and inflation fell to the Fed's 2% target. However, we are starting to see some shocks as well as the possibility of a trade war, with consumer expectations showing recession and inflation fears. feeling

BlockBeats news, on March 6th, according to Coinglass data, in the past 24 hours, the net inflows of funds on the Spot market are as follows: BTC net inflow of 1.9 billion US dollars; APEX net inflow of 29.6786 million US dollars; BETH net inflow of 8.7521 million US dollars. The net outflows of funds on the Spot market are as follows: USDC net outflow of 1.95 billion US dollars; USDT net outflow of 95.1592 million US dollars; DOGE net outflow of 23.1799 million.

The U.S. economy in the second quarter may rise more than expected, which may force the Federal Reserve to postpone interest rate cuts, posing a challenge to market expectations for rate cuts. Economists predict that the annual rise rate of U.S. GDP in the second quarter will be 1.9%-2.6%, and the chief economist of Bank of America believes that the actual growth may be slightly higher than 2%. If the GDP growth rate exceeds expectations, it will have an impact on market expectations.

Cleveland Fed President Beth Hammack said it is appropriate to keep the Interest Rate unchanged for now, and patience is needed to wait for inflation to rise to 2% and look for evidence, as there may be lagging effects from strong consumer spending and last year's rate cuts.