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Jeff Schmid

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economy10 months ago•2 min saved

Fed Officials Diverge on Rate Cuts Amid Inflation Concerns

Jeff Schmid dissented at the FOMC meeting, preferring to keep the federal funds rate unchanged due to concerns over persistent inflation, a balanced labor market, and the potential long-term impact of rate cuts on inflation, despite signs of economic momentum and easy financial conditions.

via Federal Reserve Bank of Kansas City|

#economy #federal-reserve #inflation

business3 years ago•0 min saved

Kansas City Fed Selects Jeffrey Schmid as New President

Jeff Schmid, a former banking regulator and executive, has been chosen as the next president and chief executive of the Federal Reserve Bank of Kansas City. Schmid, 64 years old, previously served as the chief executive of the Southwestern Graduate School of Banking Foundation at Southern Methodist University’s Cox School of Business in Dallas.

via The Wall Street Journal|

#banking-regulator #business #executive