Fed bankers Goolsbee and Schmid commented today on the U.S. economy and Federal Reserve policy. Below are their remarks.
Schmid (Fed)
-
A quarter-point rate cut was a reasonable risk-management move.
-
Inflation remains too high, while the labor market is still balanced.
-
The Fed’s supervisory role over banks is important for the central bank’s broader mission.
-
Future monetary policy decisions will be data-dependent.
-
Fed policy is currently slightly restrictive — which is the right place to be.
-
Inflation is still too high, and the current labor market remains largely in balance.
-
Recent data point to rising risks for the labor market.
-
A rate cut was appropriate to offset labor market risks.
-
The Fed is currently close to fulfilling its mandates, but policy must remain forward-looking.
Goolsbee (Fed)
-
I remain broadly optimistic that we are on the “golden path,” with inflation trending lower.
-
In the short term, the biggest concern is the risk of persistently higher inflation.
-
AI adoption by businesses has not been as large as many assume.
-
Historically, short or limited government shutdowns do not have lasting economic effects.
-
Some labor market measures are pointing to greater stability.
-
The labor market is cooling mildly.
-
If government can dictate to the central bank what to do with rates, inflation rises.
-
Rates could fall further if stagflation risks fade.
-
I see a “strange environment” with risks on both jobs and inflation.
-
Rates could come down quite a bit more if inflation heads toward 2%, but I am cautious about front-loading cuts.
-
Relying on inflation being transitory makes me uneasy.
-
I am somewhat uncomfortable with cutting rates too quickly based solely on slowing job data.
-
The labor market seems to be cooling while inflation is rising.
Source: xStation5
Daily summary: AI optimism, Nvidia stock surge & second round of US - Iran talks drive optimism on Wall Street
📌Oil slips below $100
⚡ Will US drought fuel speculative grain volatility on CBOT?
🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
