Fed's Schmid in a Yahoo finance interview said that recent inflation are higher relative to the job situation.
The highlights of the interview support is more hawkish stance which is not set to cut rates
No rush to cut rates: Inflation remains above target, labor market still solid.
Inflation closer to 3% than 2%: Cutting rates now could worsen inflation expectations.
Caution on “last mile”: Hardest part is getting inflation from ~3% down to 2%; lowering rates prematurely could undermine progress.
Policy stance: Wants “very definitive data” before changing policy.
Upcoming context: Comments come ahead of Fed’s Sept. 16–17 meeting and the Kansas City Fed’s annual conference.
Powell to speak Friday: His remarks will be closely watched for policy direction.
Fed dynamics: July meeting held rates at 4.25%–4.5%, though two governors dissented in favor of cuts; President Trump continues to publicly call for lower rates.
Business sentiment: Despite softer jobs data, Schmid sees optimism among business contacts.
Current stance on rates: Feels policy isn’t meaningfully restricting the economy at present.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about fed schmid voter hawk risk of inflation are higher relative to job situation was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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