Reported about 1 month ago
Kansas City Fed President Jeffrey Schmid emphasized a cautious and gradual approach to interest rate cuts as inflation nears the Fed's 2% target and the labor market stabilizes. He advocates for measured adjustments to avoid unnecessary market volatility, indicating that the current policy may not be overly restrictive. Schmid noted strong economic growth and healthy consumer spending, suggesting that any future rate reductions should be carefully evaluated to ensure they do not destabilize financial markets.
Source: YAHOO