Federal Reserve Bank of Kansas City President Jeffrey Schmid
Calls for cautious, gradual, deliberate approach to rate cutsSays he prefers to
avoid outsized rate cuts’reasonably
confident’ inflation heading in right directionWe are seeing a
normalization of labor market, not a deteriorationCurrent policy is
restrictive, but not very restrictiveInterest rates will
settle well above levels seen in pre-pandemic decadePreference is for
relatively aggressive approach to balance sheet reduction
Sounds like he might be swayed to a November pause?
Apollo’s Slok says increasing chance Fed rates hold in November – 10 tailwinds for economy
This article was written by Eamonn Sheridan at www.forexlive.com.
