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 Why the Anticipated 2023 Recession Never Came READ MORE Dimon Highlights Commercial Real Estate's Recession-Contingent Future READ MORE Gold Gains on Revised US GDP Figures and Lower Treasury Yields READ MORE Federal Reserve's Anticipated Moves and Corporate Earnings Drive Market Watch READ MORE Rethinking Economic Forecasting: Central Banks Address Inflation Prediction Failures READ MORE Add a Comment Cancel replyYour email address will not be published.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