https://www.live-feeds.com/feed/kansas-city-fed-s-schmid-says-inflation-stubborn-and-sticky-policy-rate-not-restrictiveContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/kansas-city-fed-s-schmid-says-inflation-stubborn-and-sticky-policy-rate-not-restrictivehttps://www.live-feeds.com/feed/kansas-city-fed-s-schmid-says-inflation-stubborn-and-sticky-policy-rate-not-restrictive#u51585Sat, 29 Aug 2026 09:35:57 +0000Federal Reserve officials are calling for action against stubborn inflation during the Jackson Hole economic symposium. Kansas City Fed President Jeffrey Schmid described current policy rates as not restrictive, while Chicago Fed President Austan Goolsbee stated that US rates are not historically high. These hawkish positions increase pressure on Fed Chair Kevin Warsh ahead of his first keynote address. Officials warn that inflation remains a key variable, potentially necessitating further rate hikes to stabilize the economy.Why it mattersThe Jackson Hole symposium serves as a critical venue f https://www.live-feeds.com/feed/kansas-city-fed-s-schmid-says-inflation-stubborn-and-sticky-policy-rate-not-restrictivehttps://www.live-feeds.com/feed/kansas-city-fed-s-schmid-says-inflation-stubborn-and-sticky-policy-rate-not-restrictive#u50361Fri, 28 Aug 2026 03:41:31 +0000Kansas City Federal Reserve President Jeffrey Schmid stated that US inflation remains "stubborn and sticky," and current policy rates are not restrictive. This suggests that interest rates may need to rise to combat inflation. Schmid's comments come as the Federal Reserve gathers for the Jackson Hole economic symposium.Why it mattersThe Federal Reserve has been grappling with inflation concerns, and Schmid's remarks add to the growing hawkish sentiment among Fed officials. The current inflation rate is above the Fed's 2% target, and policymakers are under pressure to t