Fed official reveals why America's economy remains 'really healthy' despite holding off on rate cuts

A member of the Federal Reserve Board of Governors on Monday said that the U.S. economy is "really healthy" and that there isn't currently a need to cut interest rates barring a deterioration in the labor market amid uncertainty over the impact of tariffs on inflation.Federal Reserve Bank of Cleveland President Beth Hammack spoke exclusively with FOX Business Network's Edward Lawrence and said she thinks the central bank is in a place where it can wait to make changes to interest rates while it sees how economic conditions evolve."When I step back and think about where the economy is overall,