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Jeff Schmid Cites Inflation as Primary Concern, Warns of Further Acceleration Risk on July 16

2026-07-16 20:58:07

According to Jeff Schmid, president of the Kansas City Federal Reserve, on July 16 at an economic forum in Nebraska, inflation remains his primary concern as it continues to run hot and above the Fed's 2% target for an extended period. Schmid stated that inflationary pressures have broadened beyond energy prices to encompass goods and services, including food prices that are rising faster than pre-pandemic averages. He emphasized that "we have not yet reached where we want to be" on inflation and stressed that strong demand, not supply alone, drives price increases. Schmid's remarks align with other Fed officials preparing to act to return inflation to target.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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