Macro Finance
Schmid Says Fed Has Work to Do on Inflation
Bloomberg Markets·October 1, 2026·1 min read
Federal Reserve Bank of Kansas City President Jeff Schmid said the Fed hasn't fulfilled its promise on the inflation side of its mandate, speaking at the Richmond Fed's Investing in Rural America conference. His remarks signal a hawkish stance, suggesting the central bank may need to keep rates elevated until price pressures are fully contained.
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