Financial advice from our betters . . .
"Right now, I see an economy that is showing momentum and inflation that is too hot," Kansas City Fed president Jeff Schmid said in a speech in Kansas City. "Cutting rates could disproportionately harm the inflation side of our mandate without providing much benefit to the employment side … I don't think that monetary policy is currently very restrictive."
Read more via www.TonysKansasCity.com link . . .
Kansas City Fed's Schmid: Cutting rates could make inflation worse
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