Kansas City Fed President Schmid suggests a cautious approach to monetary policy adjustments as the economy strengthens and inflation nears the Federal Reserve's target. He believes that with inflation close to target and economic growth continuing to accelerate, interest rates should remain close to long-term levels and policy should be neutral. Schmid supports gradual adjustments to policy and will only respond if data trends indicate a significant shift. Kansas City Fed Governor Bowman also advocates for a measured and cautious approach to policy rate adjustments.



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