Kansas City Fed Against Rate Cut

There are a few AWESOME TKC READERS who follow this stuff and this post is just a hat/tip to stuff they already know . . . 

Basically, this town's financial leadership is far more conservative than MAGA supporters and hesitates to follow Prez Trump's demands for a rate cut. 

Here's part of the reasoning . . . 

"With the economy still showing momentum, growing business optimism, and inflation still stuck above our objective, retaining a modestly restrictive monetary policy stance remains appropriate for the time being," Kansas City Federal Reserve President Jeffrey Schmid said in remarks prepared for delivery to an economic development conference in Oklahoma. 

Read more via www.TonysKansasCity.com link . . .

Fed's policy rate should stay on hold for now, Schmid says