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Fed's Schmid Warns Against Viewing Oil Shock as Transitory
Original: Fed’s Schmid Warns Against Viewing Oil Shock as Transitory
Federal Reserve Bank of Kansas City President Jeffrey Schmid cautioned against dismissing the recent oil price shock as a temporary, transitory event. His comments suggest policymakers are weighing sustained energy-price pressure as a potential risk to inflation, which could keep interest rates higher for longer. The warning comes as markets watch how energy costs feed through to broader consumer prices and the Fed's inflation outlook.
Why now: Oil price swings are again threatening the inflation outlook, and Fed officials' comments shape expectations for interest rate policy.
Jeffrey SchmidFederal ReserveKansas City Fed
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- Fed’s Schmid Warns Against Viewing Oil Shock as Transitory · EnergyNow.com
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