Kansas City Fed President Schmid said on Tuesday inflation is the Fed's primary concern and signaled support for tightening policy to rein it in. He said he did not think last year’s rates were sufficiently restrictive and that current rates are "fairly accommodative." He added the immediate task is assessing how policy can more effectively influence the inflation path.

2026-11-11

Kansas City Fed President Schmid said on Tuesday inflation is the Fed's primary concern and signaled support for tightening policy to rein it in. He said he did not think last year’s rates were sufficiently restrictive and that current rates are "fairly accommodative." He added the immediate task is assessing how policy can more effectively influence the inflation path.