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Kansas City Federal Reserve President Schmid is the new Hawk on the block

  • Schmid cautioned the Fed will not rush on interest rate cuts
Eamonn Sheridan
27/02/2024 | 03:17 GMT

Kansas City Federal Reserve Bank President Jeffrey Schmid gave his first major speech a little earlier:

  • Fed's Schmid: Not out of high inflation yet, Fed should be patient on cuts
  • More from Fed's Schmid: Would be a mistake to consider cryptocurrency as a currency

The Wall Street Journal's Nick Timiraos tweeted on the freshly minted hawk:

timiraos schmid Federal Reserve February 2024 2

Schmid replaced previous KC head Esther George, who was also a hawk:

Federal Reserve Bank of Kansas City President Esther George

Esther George. Doves don't scowl like that.

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