Fed ‘has some work to do on inflation,’ KC Fed chief says

Fed 'has some work to do on inflation,' Kansas City Fed chief says

Schmid did not call for additional rate hikes, but said inflation is "uncomfortably above the 2% price stability target, and moving in the wrong direction."

Fed ‘has some work to do on inflation,’ KC Fed chief says

Nov 15 (Reuters) - The US Federal Reserve has the tools and responsibility to deal with price pressures that are "running too hot," and the central bank "has some work to do on inflation," Kansas City Federal ​Reserve President Jeff Schmid said on Sund...

Kansas City Fed President Jeffrey Schmid Says Inflation Is Still Overheated

He said inflation is clearly above the Federal Reserve’s 2% target and the central bank still has work to do to curb it.