Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, while noting underlying demand pressures could justify a rate hike as soon as September 16. He also rejected the idea that the October 28 meeting is off the table due to the midterm election and discussed the central bank’s communications and meeting schedule.
WHO:Jeff Schmid
WHAT:Schmid discussed the Fed’s monetary policy stance, possible timing for a rate hike, and the central bank’s communications and meeting schedule.
WHEN:Reported Aug 27, 2026 at 7:30 AM ET
WHERE:Location not specified
WHY:He was addressing how monetary policy could be set in response to underlying demand pressures and the timing of upcoming Fed meetings.
Reporting from 2 identified publishers across this event arc.
