Fed's Schmid Advocates for Balanced Approach to Growth and Inflation

In a critical address, Federal Reserve Vice Chair for Supervision Michael Schmid emphasized the necessity for the central bank to adopt a more balanced stance between fostering economic growth and managing inflation. As inflation rates remain persistently above the Fed's target, Schmid's remarks come at a pivotal time when the U.S. economy is grappling with both post-pandemic recovery challenges and rising costs of living.

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