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Inflation problem isn’t only about energy, Fed’s Schmid says

MSN
Aug 5, 2026 at 05:16 AM

Kansas City Fed President Jeff Schmid said Tuesday that the Federal Reserve’s inflation problem isn’t only about energy, and bringing inflation down to the Fed’s 2% objective will require tighter policy.

Kansas City Fed President Jeff Schmid said Tuesday that the Federal Reserve’s inflation problem isn’t only about energy, and bringing inflation down to the Fed’s 2% objective will require tighter policy.

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