Fed May Need to Balance Inflation, Growth Concerns
Rise in US inflation expectations means Fed has to stay on guard, Schmid says
Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully contained, Kansas City Federal Reserve President Jeff Schmid said on Thursday,
Fed May Need to Balance Inflation, Growth Concerns: Schmid
Federal Reserve Bank of Kansas City President Jeff Schmid warned that the US central bank may soon confront both rising inflation expectations and concerns over economic growth. Schmid said that some recent data and discussions within his district suggest that elevated uncertainty might weigh on growth.
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