Fed's Schmid: Recent inflation data is encouraging, but it's too early to draw conclusions

Odaily: Fed's Schmid stated that recent inflation data is encouraging, but it's too early to draw conclusions. When formulating monetary policy, the focus should be on inflation, and it is time to stop excluding food prices from core inflation indicators. Inflation shocks are not inherently temporary, and he disagrees with the notion that the Fed should ignore certain types of price increases.