Federal Reserve's Schmid: Voted in favor of raising interest rates, recent data shows inflation trending above 3%. Raising rates is a step towards restoring the 2% inflation target. Current inflation is not just an energy issue; price increases are "

2026-09-18

Federal Reserve's Schmid: Voted in favor of raising interest rates, recent data shows inflation trending above 3%. Raising rates is a step towards restoring the 2% inflation target. Current inflation is not just an energy issue; price increases are "still hot" across a wide range of goods and services.