Kansas City Fed President Jeff Schmid is sounding the alarm: inflation’s still way too high and the Fed needs to tighten policy faster. Despite recent rate-holding decisions, Schmid warns that core inflation remains stubbornly elevated, energy dips may be temporary, and even AI-driven spending could be fueling prices. His urgent message adds pressure to the Fed’s deliberations — the battle to bring inflation back to 2% is far from over.

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