Fed's Schmid Warns Inflation ‘Stubborn,’ Policy Not Curbing Prices
Summary
Federal Reserve officials, including Fed Chair Kevin Warsh and Kansas City Fed President Jeff Schmid, are gathering at the Jackson Hole symposium to discuss inflation, monetary policy, and the economic outlook.
How coverage differs
- Center: Kansas City Fed President Jeff Schmid stated inflation is ‘stubborn’ Center outlets report on Federal Reserve officials gathering at the Jackson Hole symposium, noting Kansas City Fed President Jeff Schmid's remarks that inflation remains 'stubborn' and the current policy rate is not restrictive. They also cover the stability of treasury yields and the dollar ahead of the meeting.
- Right: Warsh's Fed leadership confronts severe inflation test at Jackson Hole Right-leaning outlets frame the Jackson Hole symposium as a critical 'inflation test' for Fed Chair Kevin Warsh, highlighting the ongoing challenge of high prices. They emphasize that the Federal Reserve's current policy may not be effectively curbing inflation, placing scrutiny on leadership.
Coverage by lane
Center
- Treasury yields are little changed ahead of Jackson Hole
- Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive
- U.S., European Bond Yields Rise, Dollar Steady Ahead of Jackson Hole Meet
- The Kansas City Fed President on the First Jackson Hole of the Warsh Era
- Fed’s Schmid Talks Policy, Inflation, Credibility, Communication
- Odd Lots: Fed’s Schmid on Warsh’s First Jackson Hole (Podcast)