Fed’s Schmid Says U.S. Monetary Policy Is Not Restrictive Enough to Return Inflation to 2%
🏦 Kansas City Fed President Jeffrey Schmid said the U.S. economy remains relatively healthy, supported by stable consumption, investment, and labor-market conditions. Inflation, however, remains the main concern as it continues to exceed the Fed’s target.
📈 Schmid argued that current interest rates are not restrictive enough to contain price pressures and that tighter policy may be required. Although June data showed signs of cooling, he said it was too early to draw conclusions from a single report.
💵 The hawkish remarks could offer modest support to the U.S. dollar and Treasury yields while creating short-term pressure on equities and crypto. However, Schmid did not specify the timing of any rate adjustment and is not an FOMC voting member in 2026.
#FederalReserve
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🏦 Kansas City Fed President Jeffrey Schmid said the U.S. economy remains relatively healthy, supported by stable consumption, investment, and labor-market conditions. Inflation, however, remains the main concern as it continues to exceed the Fed’s target.
📈 Schmid argued that current interest rates are not restrictive enough to contain price pressures and that tighter policy may be required. Although June data showed signs of cooling, he said it was too early to draw conclusions from a single report.
💵 The hawkish remarks could offer modest support to the U.S. dollar and Treasury yields while creating short-term pressure on equities and crypto. However, Schmid did not specify the timing of any rate adjustment and is not an FOMC voting member in 2026.
#FederalReserve
$BTC $XRP $XLM