Kansas City Federal Reserve Bank President Jeffrey Schmid gave his first major speech a little earlier:
- Fed's Schmid: Not out of high inflation yet, Fed should be patient on cuts
- More from Fed's Schmid: Would be a mistake to consider cryptocurrency as a currency
The Wall Street Journal's Nick Timiraos tweeted on the freshly minted hawk:
Schmid replaced previous KC head Esther George, who was also a hawk:
Esther George. Doves don't scowl like that.
