KC Fed President Schmid: Current stance of US monetary policy is appropriate

  • Urges patience on interest rates until it’s clear that inflation is ebbing to 2%
  • Economic resilience is creating mon pol uncertainty
  • Inflation still too high
  • Job sector remains strong
  • Wage growth signals ongoing labor market imbalance
  • Would like to see a much smaller Fed balance sheet

There is no strong signal here.

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