Fed's Schmid: If inflation remains low, rate cuts are appropriate

Fed's Schmid said that if inflation remains low, it is appropriate to cut interest rates; it is close to the inflation target, but "not yet fully achieved"; support reforms to make the Fed's discount window tool more effective; the discount window can be a liquidity risk management tool; despite the weak July employment report, economic growth and demand are still strong; the Fed's current policy stance is "not that restrictive." (Cailian News)