Fed’s Schmid: Strong commitment to 2% inflation target

Federal Reserve Bank of Kansas City President Jeffrey Schmid spoke earlier:Fed's Schmid calls for cautious, gradual, deliberate approach to rate cutsMore now:Very strong commitment at the Fed for 2% inflationFed doesn't focus too much on anticipated shocksExpect modest cuts in upcoming quarters This article was written by Eamonn Sheridan at www.forexlive.com.