Fed’s Schmid: Any further rate cuts should be gradual and data driven

• Interest rate policy may be ‘near’ where it needs to be for the longer run
• Fed is ‘pretty close’ to meeting both its mandates
• Inflation moving towards target, growth showing momentum
• Jobs market weaker but still healthy
• Optimistic over growth and hiring prospects
• Optimistic inflation pressures will continue to ease

He leans hawkish and he continues to lean that way but he’s not even floating a move to the sidelines yet, which is telling.

This article was written by Adam Button at www.forexlive.com.