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Kansas City Fed President Schmid (non-voter) states tighter policy is needed to bring inflation to 2%, becoming the fifth Fed president to express desire for rate hikes since last week's mee
Schmid believes the current monetary policy stance is not restrictive, "given the strength of demand and investment," and that a tighter policy will be required to achieve the Fed's 2% inflation objective.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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