Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a "cautious and deliberate" approach to interest rate cuts now that inflation is heading back to the Fed's 2% target and the labor market is normalizing.

Federal Reserve Bank of Kansas City President Jeffrey Schmid said he favors a slower pace of interest-rate reductions given uncertainty about how low the US central bank should ultimately cut rates.

FEDERAL Reserve Bank of Kansas City president Jeffrey Schmid said he favours a slower pace of interest-rate reductions given uncertainty about how low the US central bank should ultimately cut rates.

Federal Reserve Bank of Kansas City President Jeffrey Schmid expressed caution Monday against implementing outsized interest-rate cuts like the 50-basis-point reduction last month, "especially given uncertainty over the eventual destination of policy and my desire to avoid contributing to financial market volatility.

Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.

Key Takeaways While the Federal Reserve has projected more interest rate cuts this year, some officials are cautious as more economic data comes in.Investors are pricing in rate cuts at each of the next two Fed meetings,

Four Federal Reserve policymakers expressed support for further cutting of interest rates. However, they differ on how fast such rate cuts should be made. Reuters reported that three of the policymakers wanted to take it slow,

A trio of Federal Reserve policymakers on Monday expressed support for gradual U.S. interest-rate cuts, citing the strength of the economy and an uncertain outlook. The remarks -- from Kansas City Fed President Jeffrey Schmid,