Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Fed's Schmid Warns Inflation Is 'Too Hot,' Energy Shock May Last

Kansas City Fed Chief Jeffrey Schmid warns inflation is "too hot" and may persist as energy shocks raise economic risks.

Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned that the current global energy shock cannot simply be dismissed as transitory, given already-elevated baseline inflation. Speaking at a conference in Iceland, Schmid pointed out that inflation has stalled near 3% and remained above the Fed's 2% target for a long time, making it challenging for the central bank to "look through’’ surging oil prices. Schmid has argued that cur…

Fed’s Jeffrey Schmid Warns Inflation Risks Remain Elevated as Energy Shock Complicates Rate Outlook

Jeffrey Schmid warned Friday that persistently elevated inflation and rising energy prices are creating growing challenges for the Federal Reserve as policymakers debate whether interest ... The post Fed’s Jeffrey Schmid Warns Inflation Risks Remain Elevated as Energy Shock Complicates Rate Outlook first appeared on [your]NEWS.

Fed’s Schmid Warns Against Viewing Oil Shock as Transitory - Energy News, Top Headlines, Commentaries, Features & Events

Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Friday that already-hot levels of inflation make it harder to assume the current energy shock will have only a temporary impact on pricing and can be ignored by the central bank. “My primary concern is inflation, which is too hot and has been ...

Fed's Schmid warns against viewing oil shock as transitory

The Fed is widely ⁠expected to keep its interest rate target unchanged at between 3.5% and 3.75% at its next Federal Open Market Committee ​

Oil Supply Disruption: 5 Critical Risks in 2026?

WASHINGTON, United States – May 29 – Brussels Morning Newspaper — Oil supply disruption concerns moved back into focus after Federal Reserve Bank of Kansas City President Jeffrey Schmid cautioned against assuming that higher energy prices will be short-lived. His remarks come as global energy markets remain sensitive to geopolitical developments, transportation bottlenecks, and supply uncertainties that […]