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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

Kansas City Fed President Jeffrey Schmid cautioned against assuming that the recent oil price shock will prove transitory, suggesting policymakers should not dismiss its potential lasting effects on inflation. His remarks matter because Federal Reserve officials are weighing how energy price moves could affect the path of interest rates, and markets are watching closely for any shift in the central bank's stance on inflation risks.

Why now: Energy price spikes are raising concerns about persistent inflation and the future direction of Fed 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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