Fed's Schmid Advocates Caution as Inflation Nears Target Federal Reserve Bank of Kansas City President Jeffrey Schmid expressed cautious optimism about inflation nearing the Fed’s 2% target but emphasized that further data is needed before supporting interest rate cuts. Despite a recent rise in unemployment, Schmid noted that the labor market remains healthy, and he underscored the importance of data-driven policy decisions. While the Fed maintained its current interest rates, Schmid suggested that future rate cuts could be possible if inflation continues to decline. However, he stressed the need for vigilance due to past inflation shocks and the importance of balancing inflation control with employment stability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Chair's Dovish Turn Sparks Debate on September Rate Cut Size READ MORE Dow Falls More than 400 points on Higher Than Anticipated Inflation Data READ MORE China's Leadership Mulls Market Rescue Measures Amid Stock Crisis READ MORE InvestingHaven Reveals Seven Charts that Shows Silver is Undervalued READ MORE Crude Edges Higher as Hurricane Francine Threatens U.S. Output READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment