Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said on Monday that the US central bank is in no rush to cut interest rates.
Key quotes
“No need to preemptively adjust the stance of policy.””
“Fed should be patient, wait for convincing evidence that inflation fight has been won.”
“In 'no hurry' to halt the ongoing reduction in size of Fed's balance sheet.”
“We are not out of the woods yet on 'too high' inflation.”
“How much further Fed can shrink its balance sheet 'an open question’."
“Don't favor 'overly cautious' approach to balance sheet runoff; some interest-rate volatility should be tolerated.”
“Fed should minimize its footprint in the financial system, particularly as relates to Fed's balance sheet.”
“Returning inflation to 2% will likely require restoring balance in labor markets, moderating wage growth.”
“Reducing Fed's balance sheet should be a priority once crisis has passed.”
“Large Fed balance sheet can create unintended consequences, including on bank lending, liquidity.”
“January CPI inflation data argues for caution.”
“Large Fed balance sheet can create asset-price distortions.”
“Bank regulators should take tailored approach.”
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.