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The 2025 FOMC voting committee and Kansas Federal Reserve President Schmid will speak in ten minutes on the outlook for the economy and monetary policy.

2024-10-22 04:55:00

Mr. Schmid, the president of the Kansas Fed, signalled he was not ready to support a rate cut because inflation was above target and the labour market remained healthy, albeit somewhat cooler. In remarks to the Kansas Bankers Association, Mr. Schmid said the recent drop in inflation was "encouraging" and that more reports of low price pressures would increase his view on inflation.

2024-08-09 07:15:24