Jeffrey Schmid

Jeffrey Schmid, President and CEO of the Federal Reserve Bank of Kansas City, shares insights on the upcoming Jackson Hole Economic Symposium. He discusses the official theme of this year's event and the growing political pressures on the Fed. The conversation highlights challenges in the labor market, the impact of AI on productivity, and the evolving dynamics of interest rates. Schmid delves into the Fed's independence and how it shapes long-term economic outcomes, emphasizing the importance of timely research in a climate of inflation and market highs.

John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., shares a bullish outlook on the S&P for 2025, arguing for the potential of equities. Meanwhile, Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, discusses the importance of Fed independence and the current labor market challenges. Their conversation touches on inflation dynamics and the delicate balance needed in monetary policy amid external pressures, emphasizing how economic indicators shape the Fed's strategies.

Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, dives into current inflation concerns and defines monetary policy as 'moderately restrictive.' He discusses the critical challenges to Fed independence, especially following political pressures like calls for a governor's resignation. In an engaging conversation, Schmid highlights the importance of adaptability in monetary policy post-pandemic and emphasizes clear communication about the Fed’s dual mandate of employment and price stability. The dialogue balances serious economic insights with a sprinkle of sports predictions.