- Analytics
- News and Tools
- Market News
- Fed's Schmid: Uncertainty might also weigh on growth
Fed's Schmid: Uncertainty might also weigh on growth
Kansas City Federal Reserve President Jeff Schmid said on Thursday that recent surveys indicating a rise in consumer inflation expectations showed the central bank must stay focused on fully containing price pressures, noting it was a growing and potentially troubling concern for policymakers.
Key Quotes
He is more cautious about inflation given lack of progress, with growing concern over the recent increase in inflation expectations.
Expectations surveys are imperfect, but the recent sharp rise means the Fed cannot let its guard down.
Uncertainty might also weigh on growth.
Focus should remain on inflation to protect the Fed's credibility.
Preference is to keep shrinking the balance sheet and the Fed's financial footprint as much as possible.
There may be a need to rethink the concept of core inflation given that once-volatile food prices now behave more like other goods.
Energy prices remain highly volatile.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
