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 BREAKING: Biden's $5 BILLION Gift Exposed READ MORE SOFR Options Hint at Cautious Fed Rate Increases in 2024 READ MORE Gold to $2,500? And Why This Silver Asset Should Top Your List READ MORE How Much Gold and Silver is Needed for Financial Crises READ MORE Raw Material Stocks Climb Amid Fed Speculation READ MORE Add a Comment Cancel replyYour email address will not be published.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