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Fed’s Schmid: Very strong commitment at the Fed for 2% inflation

Federal Reserve Bank of Kansas City President Jeffrey Schmid spoke earlier:

More now:

  • Very strong commitment at the Fed for 2% inflation
  • Fed doesn’t focus too much on anticipated shocks
  • Expect modest cuts in upcoming quarters
  • Says his personal opinion is that crypto is a risk asset, a playground, and not a currency

This article was written by Eamonn Sheridan at www.forexlive.com.

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