Federal Reserve Schmidt: If inflation continues to be low, cutting interest rates is an appropriate move
Federal Reserve's Schmidt stated that if inflation continues to remain low, it is appropriate to cut interest rates; we are close to the inflation target, but "it has not been fully achieved"; he supports reforms in order for the Federal Reserve's discount window tool to be more effective; the discount window can serve as a liquidity risk management tool; despite weak employment reports in July, economic growth and demand remain strong; the current policy stance of the Federal Reserve is "not so restrictive".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs trims K+S voting rights to 8.48% from 8.55%
Aptahem issues free warrants in SEK 15.6 million rights unit offering
Cellectis requests trading halt on Euronext Growth Paris shares until Nasdaq open