Russia-U.S. tensions hit global markets as Putin lowers the threshold for a nuclear strike

post: KANSAS CITY FED’S SCHMID SAYS IT REMAINS TO BE SEEN HOW FAR INTEREST RATES MIGHT FALL **SCHMID: RATE CUTS ARE AN ACKNOWLEDGMENT OF FED’S CONFIDENCE INFLATION IS ON A PATH TO 2% TARGET **SCHMID: LARGE FISCAL DEFICITS WILL NOT CAUSE INFLATION BECAUSE THE FED WILL PREVENT IT,… post: KANSAS CITY FED'S SCHMID/OMAHA CHAMBER: MARKET INTEREST RATES COULD COME UNDER INCREASED UPWARD PRESSURE, INFLUENCING RATES FED CONTROLS #Schmid #FederalReserve post: FED'S SCHMID: NOW IS THE TIME TO DIAL BACK RESTRICTIVENESS OF POLICY.Schmid: Longer-term Considerations for Growth and Monetary Policy Thank you for having me today, it is great to be back in Omaha and I look forward to our discussion. The Kansas City Fed covers a seven-state region comprising roughly 20 million people and a large portion of the middle of the country. In addition to Kansas City, we rely on offices in Denver, Oklahoma City, and Omaha to cover such a large and diverse geography. These offices play a vital role in all the Federal Reserve’s three primary mission areas. As you likely know, the first of these mission areas is monetary policy, which people are often most familiar with due to the broad effects that changes in interest rates have across businesses and households. I will spend most of my time addressing monetary policy today. In addition, the Federal Reserve is also a regulator of commercial banks, with supervisory responsibilities for banks that have a state charter and are members of the Federal Reserve System. Lastly, the Federal Reserve is heavily involved in supporting national initiatives related to payments and financial services, including work for the U.S. Treasury. I want to share this context with all of you as a way to specifically highligh