Schmid indicated he's not ready to support a reduction in interest rates with inflation above target and a healthy labor market, emphasizing the importance of data-driven decisions.
Fed policymakers are cautious about taking aggressive actions, despite market expectations of a half-point interest rate cut in September, as they assess the overall resilience and health of the labor market.
#federal-reserve-bank #interest-rates #labor-market-analysis #inflation-targeting #economic-data-driven-decisions
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