Fed's Schmid (2028 voter) says there are some concerning trends in prices underneath the whole energy story
ORIGINAL · NewsquawkFed's Schmid (2028 voter) says there are some concerning trends in prices underneath the whole energy storyRead originalHide original
Didn't think the rate was restrictive last year; believes it is fairly accommodative today US hiring pretty robust lately. Inflation is top of mind Could argue housing is going through an 'interesting dynamic’ but elsewhere can't find any restriction. There are a lot of interesting data points between now and the Fed's December meeting.
Schmid described inflation as a priority, noted concerning underlying price trends, characterized policy as fairly accommodative, and pointed to data ahead of the December meeting.
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Didn't think the rate was restrictive last year; believes it is fairly accommodative today US hiring pretty robust lately. Inflation is top of mind Could argue housing is going through an 'interesting dynamic’ but elsewhere can't find any restriction. There are a lot of interesting data points between now and the Fed's December meeting.
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