Kansas City's Fed President on What Everyone Will Be Talking About at Jackson Hole

Odd Lots

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4.4 • 1.6K Ratings

🗓️ 21 August 2025

⏱️ 54 minutes

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Summary

It's Jackson Hole time again, when the most prominent minds in monetary policy meet in an idyllic Wyoming setting for the Federal Reserve Bank of Kansas City's annual symposium on monetary policy. For markets, the main event tends to be the speech from the Fed Chairman. But beyond that, there's always a theme that central bankers and academics are tasked to discuss. So to raise the curtain for this year's event, we spoke with none other than Jeffrey Schmid, the president and CEO of the Kansas City Fed. We talked about the official theme of this year's conference, the growing political pressure on the Fed itself, and how he thinks about monetary policy at a time when markets are at record highs, the unemployment rate is low, and inflation continues to come in above target.

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1:22.0	Hello and welcome to another episode of the Oddlots podcast. I'm Tracy Allaway.
1:23.3	And I'm Joe Wisenthal.
1:25.2	Joe, it's that time of year again.
1:26.4	Jackson, a whole week.
1:27.6	It's my favorite time of year. Yeah. So, I mean, it's a great time year again. Jackson Hole Week. It's my favorite time of year.
1:28.0	Yeah.
1:30.6	So, I mean, it's a great time year anyway.
1:33.4	But in Jackson Hole, Wyoming, come on.
1:34.2	For many reasons.
1:34.7	Okay.
1:40.7	So this is the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming.
1:45.1	And they basically get together a bunch of different, you know, Fed presidents, a bunch of different speakers on economic policy. And then everyone geeks out while looking at mountains,
	...

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