Wednesday, February 11, 2026 at 3:35 PM
Kansas City Fed President Jeffrey Schmid reaffirmed his resistance to further interest-rate cuts, arguing that further Fed easing would risk allowing inflation to remain too high.
Fed’s Schmid Pushes Back on Rate-Cut Prospects(current)
A short-lived decline in inflation that takes it below target is unlikely to prompt action by the European Central Bank, Bundesbank President Joachim Nagel said in a speech at the Karlsruhe Institute of Technology.
Federal Reserve governor Lisa Cook sees a greater threat to the economy from elevated inflation than from a weakening labor market, a stance that suggests she could be skeptical of supporting a return to rate cuts.
Federal Reserve governor said the job market might be “especially vulnerable to negative shocks,” given low levels of job creation and a low firing rate.
