The president of the Federal Reserve Bank (Fed) of Kansas City, Jeff Schmid, He adopted a slightly different approach from other Fed officials who also spoke on Thursday, but remains focused on the general difficulty of manipulating Fed’s policy rates in an uncertain post-aroncel environment.
Key points
I do not feel comfortable with the look approach through the price increases driven by tariffs.
The magnitude of the price increase driven by tariff will not be completely evident for some time.
I hope the tariffs begin to be reflected in prices in the coming months.
I am optimistic that economic activity can be maintained.
I am focused on maintaining the credibility of the Fed in terms of inflation.
Fed’s policy needs to be agile to balance the two sides of the mandate.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
