Jeffrey Schmid says high inflation is a key Fed concern
Kansas City Fed President Jeffrey Schmid said on Wednesday that high inflation remains a key issue. He noted that the labor market currently appears stable.
Xurve View
Xurve View
Federal Reserve Bank of Kansas City President Jeffrey Schmid stated on Wednesday that elevated inflation remains the primary challenge for the United States[Country:{"assets":{"country":"US"}}] central bank. Speaking before the Economic Club of Colorado, Schmid emphasized that while the labor market appears stable, price stability requires further attention.
During his appearance, Schmid noted a disparity between the two sides of the Federal Reserve's dual mandate.
