Reported about 2 months ago
Kansas City Fed President Jeffrey Schmid has expressed the need for additional economic data before backing any decisions to reduce interest rates. While acknowledging that inflation is improving, he emphasized the importance of patience and careful evaluation of incoming data. Schmid's remarks come ahead of the upcoming annual symposium where rate decisions will be discussed, indicating that while some Fed officials see a case for cutting rates, he believes it is prudent to wait for more information.
Source: YAHOO