Fed's Schmid: Very strong commitment at the Fed for 2% inflation

Federal Reserve Bank of Kansas City President Jeffrey Schmid spoke earlier:

• Fed's Schmid calls for cautious, gradual, deliberate approach to rate cuts

More now:

• Very strong commitment at the Fed for 2% inflation
• Fed doesn't focus too much on anticipated shocks
• Expect modest cuts in upcoming quarters
• Says his personal opinion is that crypto is a risk asset, a playground, and not a currency

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