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Fed's Schmid Warns Against Calling Oil Shock Transitory

Original: Fed’s Schmid Warns Against Viewing Oil Shock as Transitory

Kansas City Fed President Jeffrey Schmid cautioned against dismissing the recent oil price shock as a temporary, transitory event, signaling concern that energy-driven inflation could prove more persistent. The warning matters for markets watching whether the Federal Reserve will keep interest rates higher for longer if oil-driven price pressures feed through to broader inflation expectations.

Why now: Oil price volatility is raising fresh concerns about persistent inflation and the path of Fed interest rate policy.

Jeffrey Schmid Federal Reserve Kansas City Fed

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Fed’s Schmid Warns Against Viewing Oil Shock as Transitory · EnergyNow.com

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