Federal Reserve's Schmid: Individuals Inclined to Avoid Sharp Interest Rate Cuts

Gold Finance reported that Schmedt, the Federal Reserve, said that the Inrerest Rate may be significantly higher than before the new crown epidemic; it calls for a cautious, gradual, and prudent interest rate reduction strategy; individuals tend to avoid significant interest rate cuts; "reasonably believe" that inflation will fall to 2%; see that the labor market is normalizing, not deteriorating.

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