Fed's Schmid says he would probably have supported rate hike at July meeting

Federal Reserve's Schmid stated he would probably have supported a rate hike at the July FOMC meeting, called inflation stubborn and sticky, and said an energy shock is leaking into the economy. He also said midterms won't affect the Fed's October meeting decision and that the Fed's credibility is not damaged.

Detected & updated continuously · Source: Nebula