Fed’s Schmid Cautions: No rush to ease without very definitive data

Kansas City Fed President Jeffrey Schmid, in a CNBC interview, stressed there was no urgency to cut rates. With inflation still hovering closer to 3% than 2% and the labor market in solid shape, Schmid said policymakers would need “very definitive data” before adjusting policy. He argued that the “last mile” of returning inflation to […]

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