Yonhap Infomax NewsKansas City Fed President Jeffrey Schmid warned that further rate cuts could risk entrenching high inflation, stressing the need for a restrictive policy stance and highlighting concerns over the Fed's balance sheet and its independence.
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Kansas City Fed President Warns Further Rate Cuts Risk Prolonging High Inflation
Kansas City Fed President Jeffrey Schmid warned that further rate cuts could risk entrenching high inflation, stressing the need for a restrictive policy stance and highlighting concerns over the Fed's balance sheet and its independence.