He Federal Reserve Bank of Kansas City President Jeffrey Schmid, spoke on Tuesday at the regional bank's agricultural summit. Schmid stated that inflation remains too high and that the US central bank has more work to do.
Featured Statements
“The policy is in the right place.”
“It is necessary to maintain vigilance and flexibility.”
“We have to be prepared to be patient as inflation retreats toward 2%.”
“Inflation expectations remain relatively low and anchored.”
“Inflation remains too highthe Fed has more work to do.”
““Interest rates could remain high for some time.”.
“The labor market has come out of a historic boiling point by many indicators.”
“There are signs that the imbalances driving inflation are easing.”
“The Fed must prevent inflation from taking hold.”
“Increasing supply makes the Fed's job easier on inflation.”
“My preference is to reduce the Fed's balance sheet as much as possible, consistent with the operating framework.”
“I don't think we should slow down the liquidation of the financial balance sheet.”
“What we don't execute on the balance sheet we should reinvest in short-term Treasury debt.”
“We need space on the Fed's balance sheet, which is a monetary tool.”
“Productivity growth can moderate inflation, in the long term it can help reach 2% inflation.”
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.
