Fed’s Schmid: tighter monetary policy required to bring inflation back to 2% target
Fed’s Schmid: tighter monetary policy required to bring inflation back to 2% target
Story updates
12:16:52 AM UTC
SquawkNews
Tighter Monetary Policy Is Needed To Return Inflation To The 2% Target - Inflation Remains Too High And Is Concerning - Recent Relief In Energy Prices May Prove Temporary - US Economy Remains Resilient Overall - Welcomes Recent Inflation Data But It Is Too Early To Conclude Inflation Is Easing - PCE Price Index Is The Best Measure Of Inflation - Fed Should Not Ignore Inflation Even If Driven By Supply Shocks - Labour Market Appears Roughly Balanced - AI Investment Is Adding To Inflationary Pressures And Should Not Be Ignored
12:27:52 AM UTC
SquawkNews
Kansas City Fed President Schmid said the Fed needs tighter monetary policy to return inflation to its 2% target and that the current stance is not restrictive. He warned inflation remains too high and should not be ignored even if driven by supply shocks, that recent relief in energy prices may be temporary, and that investment in artificial intelligence is pushing up inflation.
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