Fed Rate Cut Debate: Schmid's Inflation Concerns

Is the Fed about to make a policy mistake? Kansas City Fed President Jeff Schmid is pumping the brakes on further interest rate cuts, warning that high inflation remains the bigger threat. While some Fed officials are divided, with a few pushing for aggressive cuts to boost employment, Schmid argues that the job market is still relatively healthy and that cutting rates too soon could reignite inflation. Discover why Schmid believes the Fed needs to maintain its credibility on inflation control, even amidst uncertainty about tariffs and the impact of AI on hiring. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.