Schmid: The labor market is generally balanced, and small interest rate cuts cannot solve structural problems
2025-10-31 12:35:14
The Fed's Mr. Schmid said the labour market was generally in balance and that any pressure was more likely to stem from structural changes, and that a small rate cut would not solve these problems. If markets question the Fed's commitment to its 2 per cent inflation target, a rate cut could instead hurt. (Jin Ten)
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