Fed's Schmid Says More Cuts Could Drive Inflation Pressures

Fed's Schmid Says More Cuts Could Drive Inflation Pressures

(Bloomberg) — Federal Reserve Bank of Kansas City President Jeff Schmid said additional interest-rate cuts could do more to ingrain higher inflation than shore up the labor market.

Fed’s Jeff Schmid Flags Inflation Risk as Hopes of December Rate Cut Fade

Kansas City Fed President Jeff Schmid, who dissented in favor of keeping rates unchanged at the October FOMC meeting, has again raised concerns over rising inflation. He suggested that he was once again likely to vote against another Fed rate cut because of the negative impact it could have on inflation. This comes as hopes The post Fed’s Jeff Schmid Flags Inflation Risk as Hopes of December Rate Cut Fade appeared first on CoinGape.

Fed’s Schmid: My concerns on inflation 'much broader' than tariffs alone

Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid spoke about the economic outlook and monetary policy at the Joint Energy Conference hosted by the Federal Reserve Banks of Dallas and Kansas City, in Denver on Friday.