Fed president throws doubt onto September rate cut Wall Street is desperate forJeffrey Schmid, President of the Federal Reserve Bank of Kansas City, believes the labor market is healthy despite market panic over new jobs reports.
Fed official says no rate cuts yet, inflation still above targetFederal Reserve Bank of Kansas City President Jeffrey Schmid is cautious about supporting a reduction in interest rates, emphasizing the need for further data analysis.
S.F. Federal Reserve Bank President Mary Daly Believes AI Can Boost the Labor MarketAI can create and replace jobs, emphasizing the need for upskilling and reskilling to ensure economic success for all workers.