Federal Reserve’s Schmid: Recent inflation data is encouraging, but it is too early to draw conclusions.

Odaily News: Federal Reserve’s Schmid stated that recent inflation data is encouraging, but it is too early to draw conclusions. When formulating monetary policy, attention should be paid to inflation. It is time to stop excluding food prices from core inflation indicators. Inflation shocks are not inherently temporary; he does not agree that the Federal Reserve should ignore certain types of price increases.