Fed’s Schmid Says Policy Stance Still Appropriate for Time Being

Fed’s Schmid Says Policy Stance Still Appropriate for Time Being

Federal Reserve Bank of Kansas City President Jeff Schmid said he favors keeping interest rates on hold for the time being to prevent robust economic activity from adding to inflation pressures.

Fed's policy rate should stay on hold for now, Schmid says

"With the economy still showing momentum, growing business optimism, and inflation still stuck above our objective, retaining a modestly restrictive monetary policy stance remains appropriate for the time being," Schmid said in remarks

Fed’s Schmid: Inflation is too high

Kansas City Fed President Jeffrey Schmid said on Tuesday that the muted impact of tariffs on inflation should be seen as evidence that monetary policy is “appropriately calibrated,” not as a reason to cut interest rates.