Golden Finance reported that Federal Reserve officials are taking a "neutral" policy stance, pointing to the strong economic performance and waiting for Donald Trump's policies to become clearer. "I expect that the coming months should provide clarity on the policies of the incoming administration and the continuation of inflationary pressures in 2024," said Federal Reserve Governor Michelle W. Bowman in a speech in California on January 9. Bowman's speech, as well as that of Kansas City Fed President Jeff Schmid on the same day, indicated that further rate cuts may not be necessary as the U.S. economy performs strongly before the end of 2024 and inflation remains "above the 2% target." "I believe we are close to the point where the economy needs neither restrictions nor support, and policy should be neutral," Schmid said.