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business / news / 2026-06-04 / The Economic Times

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Kansas City Fed President Jeffrey Schmid suggested potential rate hikes amid stubborn inflation near 3.5%.

KEY POINTS

Schmid highlighted that inflation has persisted above the Fed's target for several years.
He specifically pointed to tariffs and oil prices as driving current inflationary pressures.
These inflationary developments may prompt the central bank to tighten monetary policy sooner.

Synopsis Kansas City Fed President Jeffrey Schmid signaled the central bank may need to consider rate hikes as inflation hovers near 3.5%, staying above target for years. While policymakers could remain patient, rising price pressures linked to tariffs and oil are increasing the likelihood of tighter monetary policy ahead. Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul languageSlanderousInciting hatred against a certain communityOthers Your Reason has been Reported to the admin. Uh-oh! This is an exclusive story available for selected readers only. Worry not. You’re just a step away.

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