Fed's current monetary policy stance is 'exactly where we want to be,' official says | The New York Ledger

Fed's current monetary policy stance is 'exactly where we want to be,' official says | The New York Ledger

A member of the Federal Reserve panel that makes choices about financial policy stated that he prefers keeping rate of interest at their existing level to avoid strong levels of financial activity stimulating a revival of inflation. Federal Reserve Bank of Kansas City President Jeffrey Schmid stated that, in his view of the economy, development is strong and inflation is still raised relative to the Fed’s 2% target– so financial policy must stay…