Kansas City Fed Chief Says Inflation Still Needs Work
Jeff Schmid said the Federal Reserve has the tools and responsibility to address price pressures that are running too hot.
The US Federal Reserve has the tools and responsibility to deal with price pressures that are "running too hot," and the central bank "has some work to do on inflation," Kansas City Federal Reserve President Jeff Schmid said on Sunday.Schmid, speaking to a credit union conference in Hawaii, did not…