Kansas City Fed President Jeffery Schmid Urges Caution on Interest Rate Adjustments
Friday, 12 April 2024, 17:39
Kansas City Fed President Emphasizes Patience on Interest Rate Changes
In a recent statement, Kansas City Fed President Jeffrey Schmid emphasized the need for caution and deliberation before adjusting interest rates. With hot inflation, strong growth, and elevated asset market prices, Schmid suggested that the current stance of the U.S. central bank's interest-rate policy is appropriate for the current economic conditions. This stance reflects a prudent approach to navigating the dynamic financial landscape.
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