The Kansas City Fed’s Schmid prefers to tread carefully on further rate cuts


Jan. 09/2025 1:30 PM ETFor: Liz Kiesche, SA News Editor
Federal Reserve Bank of Kansas City

MattGush

After the Federal Reserve cut its policy rate by 100 basis points in three meetings, Kansas City Fed President Jeff Schmid favors moving cautiously on further cuts. “With inflation close to target and growth showing continued momentum, I think we are close to the



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