The president of the Kansas City Federal Reserve (Fed) district, Jeffrey Schmid, said on Friday (18) that the American economy is in good shape and that its greatest concern at the moment is persistently high inflation in the United States. Because of this, he said he supported the decision of the American central bank to hold a high interest rate this week. Schmidt is not one of the Fed's regional unit members who voted in monetary policy decis…
The president of the Kansas City Federal Reserve (Fed) district, Jeffrey Schmid, said on Friday (18) that the American economy is in good shape and that its greatest concern at the moment is persistently high inflation in the United States. Because of this, he said he supported the decision of the American central bank to hold a high interest rate this week. Schmidt is not one of the Fed's regional unit members who voted in monetary policy decis…