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Fed's Schmid Says He's ‘Squarely Focused' on Inflation Risks
Fed's Schmid Says He's ‘Squarely Focused' on Inflation Risks

Bloomberg

time10-04-2025

  • Business
  • Bloomberg

Fed's Schmid Says He's ‘Squarely Focused' on Inflation Risks

Federal Reserve Bank of Kansas City President Jeff Schmid said he would prioritize reining in inflation if US central bankers are forced to balance their price stability goal against their mandate for full employment. Schmid said he would be 'hesitant' to take much comfort in the theory that the inflationary hit from tariffs should be temporary. The Kansas City Fed chief said he's concerned about inflation expectations rising in light of consumers' recent experience with higher prices.

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