Federal Reserve Schmidt: If inflation continues to be low, cutting interest rates is an appropriate move
Federal Reserve's Schmidt stated that if inflation continues to remain low, it is appropriate to cut interest rates; we are close to the inflation target, but "it has not been fully achieved"; he supports reforms in order for the Federal Reserve's discount window tool to be more effective; the discount window can serve as a liquidity risk management tool; despite weak employment reports in July, economic growth and demand remain strong; the current policy stance of the Federal Reserve is "not so restrictive".
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