KC Fed’s Schmid: Inflation Stubborn, Rates Not Yet Restrictive; Talks Fewer FOMC Meetings
TL;DR Summary
Kansas City Fed President Jeffrey Schmid says inflation remains stubborn and sticky, but the current 3.5%-3.75% policy rate doesn’t appear restrictive and he hasn’t committed to a hike; he wants more information on demand drivers and also backs reducing FOMC meetings from eight to six, amid core PCE at 3.3%, 1.5% Q2 growth, and about 4.1% unemployment.
- Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive CNBC
- Fed’s Schmid Says Policy Isn’t in Restrictive Territory Bloomberg.com
- The Jackson Hole symposium has not yet begun, but hawkish signals from the Federal Reserve have already emerged! Schmid stated bluntly that interest rates are still not tight enough, raising the risk of further rate hikes back onto the trading agenda. Moomoo
- Kansas City Fed hawk Schmid set for high profile Fox Business interview investingLive
- Fed's Schmid: Midterms will not affect October rate call Breakingthenews.net
Reading Insights
Total Reads
0
Unique Readers
3
Time Saved
2 min
vs 3 min read
Condensed
86%
416 → 57 words
Want the full story? Read the original article
Read on CNBC