Business
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.
cnbctv18-forexlive