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05 Aug 2026 · 03:24 GMT+3
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Fed's Schmid: Tighter monetary policy required to bring inflation back to 2% target

Federal Reserve Bank of Kansas City President Jeff Schmid said on Wednesday that tighter monetary policy is needed to get inflation back to the 2% target. Schmid added that inflation is 'too high' and 'worrisome' and the current stance of Fed policy is not restrictive.

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