By Michael S. Derby
Aug 27 (Reuters) - Two Federal Reserve officials on Thursday shared their ongoing concerns about the U.S. inflation outlook, as central bankers gathered in Jackson Hole, Wyoming for the Kansas City Fed's closely watched annual economic symposium.
Inflation is "still stubborn and it's still sticky and we've got to continue to find ways to break through" and get it back to 2%, Kansas City Fed President Jeffrey Schmid said on CNBC on the sidelines of the conference.
He noted that the U.S. central bank's current 3.50%-3.75% policy rate did not appear to be restrictive.
"I don't know what we're restricting currently with the rate policy that we're at today," Schmid said.
#policy #we 're #michael
Aug 27 (Reuters) - Two Federal Reserve officials on Thursday shared their ongoing concerns about the U.S. inflation outlook, as central bankers gathered in Jackson Hole, Wyoming for the Kansas City Fed's closely watched annual economic symposium.
Inflation is "still stubborn and it's still sticky and we've got to continue to find ways to break through" and get it back to 2%, Kansas City Fed President Jeffrey Schmid said on CNBC on the sidelines of the conference.
He noted that the U.S. central bank's current 3.50%-3.75% policy rate did not appear to be restrictive.
"I don't know what we're restricting currently with the rate policy that we're at today," Schmid said.
#policy #we 're #michael
2 months ago
