Fed’s Schmid: Holding rates steady is deliberate, not passive wait-and-see

Kansas City Fed President Jeffrey Schmid said in a speech today that with the economy still showing momentum, business optimism rising, and inflation remaining above Fed’s 2% goal, it is appropriate to keep monetary policy “modestly restrictive” for now. Schmid noted that while higher tariffs appear to have had only a limited effect on inflation […]

The post Fed’s Schmid: Holding rates steady is deliberate, not passive wait-and-see appeared first on Action Forex.