Kansas City Fed Honcho Warns That EPIC Inflation Isn't Over

For readers who are, justifiably, worried about finances during a tumultuous election year . . . Recent comments from a local economic leader offer insight that's far more informed than most sketchy financial gurus on the Internets.

Take a look:

“When it comes to too-high inflation, I believe we are not out of the woods yet,” Kansas City Fed President Jeff Schmid said in his first public speech since joining the central bank six months ago.

Progress on inflation has been encouraging but has “largely” been driven by reductions in energy and goods prices, he said.

That might not last.

Residents of the Kansas City Fed district know that energy prices “are anything but stable,” Schmid said. And turmoil in the Middle East could put pressure on supply chains and affect the prices of goods.

Read more via www.TonysKansasCity.com links . . .

Fed is 'not out of woods' on inflation, new regional bank president says

The battle against rising prices is not over, one of the newest top Federal Reserve officials said Monday.

Fed's Schmid: No need to 'preemptively' cut rates

(Reuters) -Kansas City Federal Reserve Bank President Jeffrey Schmid on Monday used a debut speech on policy to signal that he remains focused on the threat of high inflation and is in no rush to cut interest rates.

Developing . . .