Kansas City Fed's Schmid sees no urgency for rate cuts as inflation stays high

economictimes.indiatimes.com

Kansas City Fed President Jeffrey Schmid stated inflation remains too high, opposing further interest rate cuts. Schmid cited persistent inflation above the 2% target and a balanced labor market, warning against complacency as demand outstrips supply. He remains optimistic about growth but dismisses current AI productivity gains as a non-inflationary driver.


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Kansas City Fed's Schmid sees no urgency for rate cuts as inflation stays high | News Minimalist