Fed's Schmid says high inflation still bigger issue facing central bank | Metals Mine

  • Fed's Schmid says high inflation still bigger issue facing central bank

    From finance.yahoo.com

    Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Wednesday that overly high inflation remains a key problem the central bank needs to address, but he stopped short of saying how ​monetary policy should respond. “I think we have work to do on the inflation side of things,” while “I think we're in a pretty good place for employment,” Schmid said in an appearance before the Economic Club of Colorado. The ⁠bank president did not, however, say how that mix of factors is influencing his outlook for monetary ⁠policy. Schmid was a skeptic of the Fed’s push to lower the cost of short-term ... (full story)

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FlyingTurtle
Feb 25, 2026 1:57pm
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That guy looks like he should be in a nursing home gumming his pudding while watching Price is Right with Joe and Conald.
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