Fed's Schmid says no urgency to cut rates but more data to come
ReutersAug 21, 2025 11:47 AM
JACKSON, Wyoming, Aug 21 (Reuters) - Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape.
"I think we're in a really good spot and I think we really have to have very definitive data to be moving that policy right now," said Schmid, a voter on interest rate policy this year.
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