Jeff Schmid, President of the Federal Reserve Bank of Kansas City, recently spoke at an energy conference and expressed caution about the future direction of interest rates.
He mentioned that while it is appropriate to start easing monetary policy, the extent of rate decreases is uncertain.
Schmid emphasized the importance of carefully considering how low interest rates should go and where they might ultimately stabilize.
These remarks shed light on the ongoing discussions within the Federal Reserve as it navigates the complexities of the current economic landscape.