Reported about 1 month ago
Federal Reserve Bank of Kansas City President Jeffrey Schmid has expressed a preference for a slower pace of interest rate reductions, highlighting the need for caution given the uncertain economic landscape. In his recent remarks, he emphasized the importance of achieving a more normalized policy cycle through modest adjustments to support sustainable economic growth and stability, while also considering potential impacts on financial market volatility. Schmid's approach aligns with sentiments from other Fed officials advocating for gradual, rather than aggressive, rate cuts as the economy continues to evolve.
Source: YAHOO