Fed's Schmid: Uncomfortable to look through tariff inflation ...Middle East

Extent of tariff-driven price push won't be evident for some timeExpects tariffs to start to show through prices in coming monthsPolicy needs to be nimbleOptimistic that economic activity can be sustained

Fed must wait and see on next policy stepsEntirely possible Fed may face rising inflation and unemployment at the same timeStill no idea how shifting economic policies will affect economyHard data have remained robust

I love how we get the 'no idea' comment just before he retires. I'm sure that's how many of them feel but they can't say it so bluntly.

I'm told this is the last public appearance from Harker. He was a good central banker, top notch.

This article was written by Adam Button at www.forexlive.com.

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