Kansas City Federal Reserve Bank President Jeffrey Schmid spoke at the regional bank's agricultural summit on Tuesday.
Kansas City Fed eral Reserve Bank President Jeffrey Schmid spoke attheregionalbank'sagricultural summiton Tuesday.Schmid said that inflation remains too high and the US central bank has more work to do. Key quotes “Policy is in the correct place.” “Continuedvigilance,flexibility are necessary.” “Prepared to be patient as inflation eases back toward 2%.” “Inflation expectations remain relatively low and anchored.” “Inflation is still too high, Fed has more work to do.
When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions.
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