Federal Reserve Bank of Kansas City President Jeffrey Schmid
- Calls for cautious, gradual, deliberate approach to rate cuts
- Says he prefers to
avoid outsized rate cuts - ‘reasonably
confident’ inflation heading in right direction - We are seeing a
normalization of labor market, not a deterioration - Current policy is
restrictive, but not very restrictive - Interest rates will
settle well above levels seen in pre-pandemic decade - Preference is for
relatively aggressive approach to balance sheet reduction
Sounds like he might be swayed to a November pause?
This article was written by Eamonn Sheridan at www.forexlive.com. Source