KC Fed Pres. Schmid: Remains to be seen how far interest rates may fall

• Remains to be seen how far interest rates might fall
• Cuts are an acknowledgment of the Fed’s confidence inflation is on a path to 2% target.
• Large fiscal deficits will not cause inflation because the Fed will prevent it, though that could mean higher interest rates

This article was written by Greg Michalowski at www.forexlive.com.