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[Kansas City Fed President Says Current Interest Rates Are Not Suppressing the Economy] On November 11, Kansas City Fed President Jeffrey Schmid said that the Fed’s benchmark interest rate is supporting the economy, not suppressing it. “I didn’t think our rates were restrictive last year, and I think they’re pretty loose now,” Schmid said at an event in Houston on Tuesday. Asked what risks officials need to consider when setting policy, Schmid said "inflation is the primary concern." Schmid said businesses in the Kansas City Fed district are reporting strong demand. "Between now and when we meet again in the second week of December, there will be a lot of information and a lot of data worth watching," Schmid said.
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