Fed’s Schmid: Any further rate cuts should be gradual and data driven

  • Interest rate policy may be ‘near’ where it needs to be for the longer run
  • Fed is ‘pretty close’ to meeting both its mandates
  • Inflation moving towards target, growth showing momentum
  • Jobs market weaker but still healthy
  • Optimistic over growth and hiring prospects
  • Optimistic inflation pressures will continue to ease

He leans hawkish and he continues to lean that way but he’s not even floating a move to the sidelines yet, which is telling.

This article was written by Adam Button at www.forexlive.com. Source