Fed's Schmid: Voted in Favor of Rate Hike, High Inflation a Sign of Supply-Demand Imbalance

BlockBeats news, September 18, Federal Reserve's Schmid stated that he voted in favor of an interest rate hike, as recent data shows inflation trends exceeding 3%. The rate hike is a step towards restoring the 2% inflation target. The current inflation issue is not just an energy problem; price growth remains "hot" across a wide range of goods and services. High inflation is a sign of supply-demand imbalance. Apart from inflation, the economy is performing well.