Fed's Schmid: Businesses try to delay hiring to get via the present state of affairs

Kansas City Fed President Jeff Schmid has made wide-ranging remarks:,

• Fed’s Schmid says inflation too high, worrying that price rises becoming more widespread
• Fed’s Schmid: Hard to know if stablecoin is anything different from Venmo on steroids

• Fed’s Schmid says the Fed’s balance sheet probably end this year close to US$6tln

and he’s still going, more:

• Seeing a pause in labor conditions
• Businesses are trying to delay hiring to get through the current situation
• Hard to understand how the US dollar would not be the world’s reserve currency for a long, long time

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The Federal Reserve has, as part of its mandate, a responsibility to move the economy towards full employment. The labor market has stumbled, hence Schmid’s concern. the ‘current situation’ is a diplomatic way to refer to the volatile, ill-informed, inept policies coming out of the White House.

This article was written by Eamonn Sheridan at investinglive.com.