Fed’s Schmid (2028 voter) says monpol is not very restrictive right now, and officials may need to weigh how to make it more restrictive
- Says Fed could use the balance sheet to create policy restriction
- Says Fed has optionality to move rates up or down.
- If the war resolved, oil prices should fall. There is time to see how the war impacts the economy.
- The Fed's job is hard right now due to global circumstances.
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