Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Federal Reserve officials are considering slowing the pace at which they reduce the central bank's asset portfolio by roughly half. They expressed concerns about inflation not decreasing quickly enough and expected to cut interest rates this year. Policymakers favored a cautious approach to further balance sheet reduction.
Kansas City Fed President Jeffrey Schmid said policymakers should wait for “clear and convincing” evidence that inflation is headed back toward 2% before lowering interest rates. https://t.co/IGjW67TwkL
FED'S SCHMID: A BETTER BALANCE IN THE JOBS MARKET IS NEEDED FOR PRICE STABILITY. THE CURRENT STANCE OF US MONETARY POLICY IS APPROPRIATE. I WOULD LIKE TO SEE A MUCH SMALLER FED BALANCE SHEET. WAGE GROWTH SIGNALS ONGOING LABOR MARKET IMBALANCE. IT IS IMPORTANT FOR THE FED TO…
FED’S SCHMID: INFLATION LEVELS ARE STILL TOO HIGH