Schmid: Rate Cuts Could Worsen Inflation

Federal Reserve Bank of Kansas City President Jeff Schmid challenges conventional wisdom on interest rates, suggesting further cuts could exacerbate inflation rather than aid the job market. His stance, which led him to vote against the October rate cut, has sparked debate and influenced market expectations ahead of the December meeting. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.