Federal Reserve Bank of Kansas City President Jeff Schmid expressed caution regarding the future of interest rates, indicating uncertainty about how much further they should decline. In remarks at an energy conference, he noted that while it's time to ease monetary policy, the ultimate level of interest rates remains to be determined.
Federal Reserve Bank of Kansas City President Jeffrey Schmid advocates for a slower pace of interest-rate reductions amid uncertainty about the appropriate level for cuts. He envisions a "more normalized" policy cycle with modest adjustments aimed at sustaining economic growth, stable prices, and full employment. This approach will help the Fed identify a neutral policy level that neither hinders nor stimulates the economy.
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