FED'S SCHMID: INFLATION STILL TOO HIGH DESPITE STRONG ECONOMY Jeff Schmid said persistent inflation remains the biggest risk to the U.S. ec…
FED'S SCHMID: INFLATION STILL TOO HIGH DESPITE STRONG ECONOMY
Jeff Schmid said persistent inflation remains the biggest risk to the U.S. economy and is still running too high.
Schmid said the economy remains resilient, with solid consumer spending, strong business investment — especially in AI and tech — a healthy labor market, and stable banking conditions. He added that while the U.S. is less exposed to global oil shocks than in the past, higher energy prices still pressure households and businesses.
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