Schmid is a hawk so his comments aren’t a surprise:
- Inflation is too high, it has been a five year fight and the Fed is still trying to figure it out
- Most of the higher prices people are paying for energy are staying in the US economy
- The big question for oil is how long prices stay high and that is a political question
- Data suggests the economy is doing well
- The big question now is whether the Fed should stay patient on rates
This is succinct, and accurate.
This article was written by Adam Button at investinglive.com.
