Fed's Schmid: Recent inflation encouraging but too early to say
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Labor market seems roughly stable Recent inflation encouraging but too early to put too much weight on it Inflation is proving persistent across a broad selection of goods and services Inflation remains concerning Inflation shocks are not intrinsically transient, disagrees the Fe
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4 itemsFed policymaker Schmid: My primary concern is inflation, which is too hot
KC Fed Pres Schmid: Inflation remains too high.
The desk interprets KC Fed President Schmid's recent remarks as a clear signal of ongoing inflationary pressures, which he identifies as the foremost risk to economic stability. Per the full note [source], Schmid emphasizes that inflation remains elevated, despite the US economy demonstrating notable resilience. This hawkish stance aligns with other Fed officials' recent comments, suggesting a prolonged period of restrictive monetary policy is likely necessary to combat persistent inflation. With the Consumer Price Index (CPI) and Producer Price Index (PPI) data reinforcing this narrative, traders should brace for potential market volatility as the Fed navigates these challenges.