Jeff Schmid is president and chief executive officer of the Federal Reserve Bank of Kansas City:
- Both jobs and inflation are near the Fed’s goals
- Central bank has time to study tariff effects on inflation before any rate decision
- Resilience of the economy means the Fed has time to wait and see what happens before rate cuts
- Contacts say that tariffs will raise prices and weigh on activity
This article was written by Eamonn Sheridan at www.forexlive.com.