Federal Reserve official Schmid said inflation is currently too high and a cause for concern, according to Jinshi. The remarks come as markets closely track the Fed's policy path.
Federal Reserve official Schmid said inflation is currently too high and a cause for concern, according to Jinshi.
His remarks land as markets keep a close watch on the Fed's policy direction. Inflation data remains one of the central pillars guiding the central bank's decisions.
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