Kansas City Federal Reserve President Jeffrey Schmid discusses the economy, Fed policy and more with FOX Business' Edward Lawrence at the Jackson Hole economic symposium. 00:00 High Stakes at Jackson Hole 2026 00:17 Jeffrey Schmid on Monetary Policy Outlook 00:58 Scoring the Fed on the 2% Inflation Mandate 01:21 Benchmarks for Future Interest Rate Moves 02:02 Internal Debates at the Federal Reserve 02:42 Using AI for Real-Time Economic Data
When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. - His predecessor will also still be roaming the halls . Why it matters: Taken together, Wednesday's news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that its current leadership believes unwise. - He will have to achieve his goals of rewiring how the Fed operates and potentially cutting rates through persuasion, not a writ from the chair's office. - That has always been true, but the outbreak of dissent to Wednesday's policy statement, combined with Jerome Powell's move to block President Trump from…
