Schmid: Inflation running hot even excluding oil
Kansas City Fed President Jeff Schmid said inflation is being driven by more than oil prices, reiterating that inflation is running too hot even when excluding energy.
Kansas City Fed President Jeff Schmid said the economy’s inflation problem is being driven by more than high oil prices. Schmid repeated comments he has made all summer that inflation is running too hot even excluding energy prices, and said that is creating a need for fiscal tightening.