Fed’s Schmid: Very strong commitment at the Fed for 2% inflation

Federal Reserve Bank of Kansas City President Jeffrey Schmid spoke earlier:

Fed’s Schmid calls for cautious, gradual, deliberate approach to rate cuts

More now:

Very strong commitment at the Fed for 2% inflationFed doesn’t focus too much on anticipated shocksExpect modest cuts in upcoming quartersSays his personal opinion is that crypto is a risk asset, a playground, and not a currency

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This article was written by Eamonn Sheridan at www.forexlive.com.