Odaily Planet Daily News: 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 clarify the policies of the incoming administration and the continuation of inflationary pressures in 2024," said Michelle W. Bowman, a Fed governor, in a speech in California on January 9. Bowman's speech, as well as that of Jeff Schmid, president of the Kansas City Fed, on the same day, indicated that further rate cuts may not be necessary as the U.S. economy performs strongly by 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. (Cointelegraph)