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KC Fed Chairman Schmid: Current US Monetary Policy Position Is Appropriate

  • Urges patience on interest rates until it is clear that inflation is falling to 2%
  • Economic resilience creates total uncertainty
  • Inflation remains too high
  • The employment sector remains strong
  • Wage growth reflects persistent imbalance in the labor market
  • I would like to see a much smaller Fed balance sheet

There is no strong signal here.

This article was written by Adam Button at www.forexlive.com.

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