Kevin Warsh, the Fed, and the Future of Payments with Kansas City Fed President Jeff Schmid
Jeffrey Schmid sits down with Steven Davis at the 49th edition of the Jackson Hole Economic Policy Symposium. They chat about ...
President and Chief Executive Officer, Federal Reserve Bank Of Kansas City
Search every verified Jeffrey Schmid interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Kansas City Federal Reserve President Jeffrey Schmid has repeatedly stated his preference for keeping interest rates unchanged, citing persistent inflation. In a January 2026 speech, he said his preference at recent Federal Open Market Committee meetings was to leave the policy rate unchanged, arguing that lowering rates could "do more harm to the inflation side of our mandate than benefit on the employment side." He described the labor market as a "low fire, low hire" environment and said he saw "little reason at this point to further lower the policy rate." Throughout 2025, Schmid characterized monetary policy as "modestly restrictive" and said he was "still trying to find what's being inhibited in the economy from where our policy rate is today." He stated that inflation was "trending closer to three than two" and that the "last mile" of bringing it to the Fed's 2% target was "pretty hard." Schmid has also addressed the topic of Federal Reserve independence. In January 2026, he said an independent central bank is "very important to the nature of managing this amazing economy." In August 2025, when asked about political pressure on the Fed, he said the conversation about independence is "always an important one" and that "great steel is tested by fire." He added that it is more important for the American public to understand what the Fed does. On the banking system, Schmid said in October 2024 that "by and large the banking industry... the numbers look pretty good" and that he did not see "any black clouds forming." He has also expressed interest in moving toward more real-time data sets for policy decisions and in developing a clear regulatory framework for stablecoins.
Jeffrey Schmid sits down with Steven Davis at the 49th edition of the Jackson Hole Economic Policy Symposium. They chat about ...
We are back in Jackson Hole! And this year's Federal Reserve Bank of Kansas City symposium on monetary policy marks the first under new Fed Chair Kevin Warsh, and Fed observers all over the world will be closely watching his Friday speech for signs of how he might further distinguish himself, and the institution, from the Powell era. This meeting at Jackson Hole also comes at a fascinating and tense time for monetary policy in the US and abroad: high bond yields, above-target inflation, and AI's still unrealized effect on broader parts of the economy. We speak with Jeffrey Schmid, the presiden…
Kansas City Fed President Schmid says informal district canvasing tells him people do not find monetary policy restrictive ...... a very special guest jeffrey schmidt is president of the federal reserve bank of kansas city and he's here getting everybody going ...
Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, citing underlying demand pressures that could justify a rate hike as soon as September 16. Schmid rejected the idea that the October 28 meeting is off the table due to the midterm election. Speaking with Bloomberg's Michael McKee on the sidelines of the Jackson Hole Economic Symposium, he also addresses the future of the central bank’s communications and meeting schedules. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg…
In Part 2 of his conversation with The Inner Circle host Gil Cohen, Federal Reserve Bank of Kansas City President Jeff Schmid ...
What does the Federal Reserve actually do—and how do its decisions affect your money, your business and your financial future? In Part 1 of this special two-part conversation, The Inner Circle host Gil Cohen sits down with Jeff Schmid, president of the Federal Reserve Bank of Kansas City. A Nebraska native, Schmid shares his journey from growing up in Papillion and beginning his career as an FDIC bank examiner to building community banks and eventually becoming one of the leaders helping shape monetary policy in the United States. Schmid takes us inside the Federal Reserve system, explaini…
President and CEO of the Federal Reserve Bank of Kansas City, Jeff Schmid, decodes the system like no one has before. Using a ...
Kansas City Federal Reserve President Jeffrey Schmid gives his economic outlook for 2026, coming off of a year as a voting member on the powerful Federal Open Market Committee
CNBC’s Steve Liesman and Kansas City Fed President Jeffrey Schmid join 'Squawk Box' to discuss Fed Governor Lisa Cook's mortgage allegations, the political pressure facing the Fed, strength of the labor market, impact of immigration policies, state of the economy, the Fed's inflation fight, rate path outlook, and more.
CNBC's Steve Liesman and Kansas City Fed President Jeffrey Schmid join 'Squawk Box' to discuss Fed Governor Lisa Cook's ...
Federal Reserve Bank of Kansas City President Jeff Schmid said he thinks inflation risks are marginally higher than risks to the labor market, though monetary policy is in a good place as policymakers consider an interest-rate adjustment next month. “As you get closer to the optimum dual mandate numbers it actually becomes more difficult to make decisions on the margins relative to where that policy rate should go,” Schmid said in a Bloomberg Television interview aired on Thursday. Schmid spoke at the Jackson Lake Lodge in Grand Teton National Park, where later Thursday he will kick off his ba…
Federal Reserve Bank of Kansas City President Jeffrey Schmid discusses inflation concerns, his view that monetary policy is “moderately restrictive,” and consideration of the central bank’s dual mandate. Schmid also addressed challenges to Fed independence after President Donald Trump called for the resignation of Fed Governor Lisa Cook amid allegations that she committed mortgage fraud. Schmid spoke with Michael McKee Wednesday on the sidelines of the Jackson Hole Economic Policy Symposium. 00:00 - Schmid addresses concerns about inflation 02:15 - How small businesses are handling tariffs 02…
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