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Schmid: Inflation is too high; it has been a five year fight and the Fed is still trying to figure it out
SCHMID: INFLATION IS TOO HIGH; IT HAS BEEN A FIVE YEAR FIGHT AND THE FED IS STILL TRYING TO FIGURE IT OUT
— *Walter Bloomberg (@DeItaone) June 4, 2026
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FED'S SCHMID NOTED THAT ENERGY COSTS ARE A KEY DRIVER OF INFLATION, STATING THAT HOW LONG OIL PRICES STAY HIGH IS A POLITICAL FACTOR, WHILE THE FED CONTINUES ITS LONG-STANDING EFFORT TO BRING INFLATION DOWN.
— First Squawk (@FirstSquawk) June 4, 2026
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Fed's Schmid: The key question now is whether the Fed should remain patient on interest rates.
— FinancialJuice (@financialjuice) June 4, 2026
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