Federal Reserve official Schmid said midterm elections will not influence the U.S. central bank’s policy decision at its October meeting, according to a market update cited by Odaily. He also said current interest rates have not restrained the U.S. economy. The remarks were published as a brief news item by Odaily on Aug. 27. No additional context, vote details, or policy guidance beyond those statements was provided in the source text.
According to a market update cited by Odaily, Federal Reserve official Schmid said midterm elections will not affect the Fed’s decision at its October meeting.
Schmid also said interest rates have not restrained the U.S. economy.
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