EconomyFed’s Schmid calls for tighter policy to curb ‘too high’ inflation
Federal Reserve Bank of Kansas City President Jeff Schmid said Tuesday that some form of monetary policy tightening is needed. He said the measure would help bring inflation, which he described as “too high,” back down. Schmid identified the target as 2%. His comments point to tighter policy as a response to elevated inflation. The remarks focus on returning price growth to the central bank’s stated goal.
R
Reuters★★★☆☆2026-08-05 03:40Original
Fed’s Schmid calls for tighter policy to curb ‘too high’ inflation
Economy