Fed’s Jeff Schmid Backs Gradual Interest-Rate Cuts If Economic …
1 day ago · Federal Reserve Bank of Kansas City President Jeff Schmid said he favors slowing the pace of interest-rate cuts and only after a persistent change in incoming economic data.
Fed's Schmid says central bank 'near' neutral interest rate level
1 day ago · NEW YORK, Jan 9 (Reuters) - Kansas City Federal Reserve President Jeff Schmid signaled on Thursday a reluctance to cut interest rates again as the U.S. central bank comes into the new year facing ...
Kansas City Fed's Schmid prefers to tread cautiously in further rate ...
1 day ago · MattGush. After the Federal Reserve cut its policy rate by 100 basis points in three meetings, Kansas City Fed President Jeff Schmid favors moving cautiously in further cuts.
Top Federal Reserve official says central bank is ‘pretty close’ to ...
1 day ago · Jeff Schmid, the president of the Kanas City Fed who will become a voting member of the central bank’s policy-setting committee this year, on Thursday said he is “optimistic about employment ...
Why two Fed officials doubt the need for many more rate cuts
1 day ago · Fed Governor Michelle Bowman and Kansas City Fed President Jeff Schmid both said the 100 basis points in rate cuts since September has brought the Fed's benchmark rate down to "neutral," where it ...
Kansas City Fed’s Schmid Sees No Rush for More Cuts - Barron's
Kansas City Fed President Jeff Schmid indicated on Thursday that he’s comfortable with pausing additional interest rate cuts until there’s a substantial change in economic conditions. “With ...
2 Fed officials urge patience before any interest rate cuts
Apr 12, 2024 · Kansas City Fed president Jeff Schmid said Friday he would prefer to hold interest rates steady and not cut rates until there is "convincing" evidence inflation is dropping. He cited the...
Kansas City Fed Presidential Announcement - Federal Reserve …
Aug 2, 2023 · Jeffrey R. Schmid named tenth president and chief executive officer of the Federal Reserve Bank of Kansas City. Schmid joins the Kansas City Fed August 21, 2023, with more than 40 years of regulatory and banking experience.
Fed's Schmid wants cautious, gradual, deliberate rate cuts
Oct 21, 2024 · Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a "cautious and deliberate" approach to interest rate cuts now that inflation is heading back to the Fed's...
Fed’s Schmid Rejects Preemptive Rate Cuts, Favors ‘Patient’ …
Apr 12, 2024 · Fed’s Schmid Rejects Preemptive Rate Cuts, Favors ‘Patient’ Approach. Kansas City Fed leader needs clear, convincing evidence to cut; Fed officials need to see evidence inflation headed to 2 ...