Federal Reserve’s Inflation Policy

Federal Reserve Bank of Kansas City President Jeffrey Schmid expressed concerns about inflation, stating that current monetary policy is “moderately restrictive.” He emphasized the importance of adhering to the Fed’s dual mandate amid ongoing economic challenges.

Fed Independence Under Scrutiny

Schmid addressed threats to the independence of the Federal Reserve following President Donald Trump’s call for the resignation of Fed Governor Lisa Cook, who faces allegations of mortgage fraud. This situation raises questions about the central bank’s autonomy and decision-making.