Fed's Schmid Pushes Back on Rate-Cut Prospects

Core Viewpoint - Kansas City Fed President Jeffrey Schmid has reiterated his opposition to further interest-rate cuts, emphasizing that additional easing by the Federal Reserve could lead to persistently high inflation [1] Group 1 - Schmid's stance reflects a concern that lowering interest rates further may exacerbate inflationary pressures [1] - The statement indicates a cautious approach towards monetary policy, prioritizing inflation control over potential economic stimulus [1]