Fed Should Be Ready to Act to Address Inflation Concerns, Kansas City Fed's Schmid Says

Core Viewpoint - The Federal Reserve president emphasized the need for the central bank to proactively address elevated inflation to prevent it from remaining around 3% in the long term [1] Group 1 - The central bank is facing challenges with inflation levels that are currently elevated [1] - There is a concern that inflation could become stagnant near 3% if not addressed [1] - Proactive measures are deemed necessary to manage inflation effectively [1]