Schmid Says Fed Has More Work on Inflation
Federal Reserve Bank of Kansas City President Jeff Schmid said the central bank has not fulfilled its promise on the inflation side of its mandate. He made the remarks at the Richmond Fed’s Investing in Rural America conference, according to Bloomberg, which published the report on Oct. 1, 2026.
Federal Reserve Bank of Kansas City President Jeff Schmid said the Federal Reserve still has work to do on inflation, according to Bloomberg.
Schmid said the Fed had not fulfilled its promise on the inflation side of its mandate. The source did not provide additional details about the specific inflation measures or policy actions he was discussing.
He made the remarks at the Richmond Fed’s Investing in Rural America conference. Bloomberg published its report on Oct. 1, 2026.
THE QUESTIONS THIS EVENT LEAVES BEHIND
What inflation measure did Schmid have in mind when assessing whether the Fed had fulfilled its mandate?
How might his assessment affect expectations for future Federal Reserve policy?
What evidence would show that the Fed had fulfilled its inflation promise?
Which households or businesses would bear the greatest costs if inflation remains elevated?
What policy alternatives are available if the current approach does not deliver the desired inflation outcome?
YOUR QUESTION
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GLOBAL CURIOSITY MAP · SEPTEMBER 2026