Fed's Schmid: policy rate is 'fairly accommodative'
TLT•Kansas City Fed President Jeff Schmid said inflation is “top of mind” and described the policy rate as “fairly accommodative,” signaling support for tightening policy to bring inflation under control.
1. Inflation and policy
Jeff Schmid said he did not think the policy rate was restrictive last year and believes it is “fairly accommodative” today. He said his attention is on where policy decisions can most affect the inflation trend.
