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Fed's Schmid: U.S. Central Bank Faces Choice Between Patience and Rate Hikes to Combat 3.5% Inflation on June 4

2026-06-05 01:13:12

According to Reuters, on June 4, Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, stated the Federal Reserve faces a choice between maintaining patience and keeping rates steady or raising rates further to combat inflation that has remained above the 2% target for over five years. Schmid noted inflation has climbed to around 3.5% and questioned whether a temporary increase should be addressed through one or two rate hikes.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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