Fed’s Schmid Says Policy Isn’t in Restrictive Territory

Federal Reserve Bank of Kansas City President Jeff Schmid said the central bank’s interest-rate setting is not restraining the US economy at a time when inflation continues to run above...

By Enda Curran and Maria Eloisa Capurro · Bloomberg

Federal Reserve Bank of Kansas City President Jeff Schmid said the central bank’s interest-rate setting is not restraining the US economy at a time when inflation continues to run above its 2% target.