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[Schmidt: The Federal Reserve Needs Tighter Monetary Policy to Curb Inflation] According to Xinhua News Agency, Kansas City Federal Reserve President Schmidt stated that the Federal Reserve needs tighter monetary policy to bring inflation back to the 2% target. The Fed's current policy stance is not restrictive, and excessively high inflation is concerning. The Federal Reserve should not overlook inflation. The recent easing of energy prices may be temporary, and investments in artificial intelligence are driving up inflation. The Federal Reserve should not ignore this.

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Today 2026-08-05
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