( ) -q-24- UNDATED (Correspondent Jeremy House) “on August 21st.” Jeffrey Schmid, a former banking executive, has been appointed the next president of the Federal Reserve Bank of Kansas City. [CutID: <Cuts> KC-FED-SCHMID-house-q-THUam.mp3 Time: 24s Title: KC-FED-SCHMID-house-q-THUam Out-cue: on August 21st] TAG: Correspondent Jeremy House reporting. ——————————- VERBATIM: As president of one of the 12 […]
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Banking executive Jeffrey Schmid named president of Kansas City Federal Reserve Bank
( ) -q-24- UNDATED (Correspondent Jeremy House) “on August 21st.”
Jeffrey Schmid, a former banking executive, has been appointed the next president of the Federal Reserve Bank of Kansas City.
[CutID: <Cuts> KC-FED-SCHMID-house-q-THUam.mp3
Time: 24s
Title: KC-FED-SCHMID-house-q-THUam
Out-cue: on August 21st]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: As president of one of the 12 regional Fed banks, Schmid will participate in the eight meetings the Fed holds each year to determine the path of short-term interest rates. Schmid is joining at a fraught time, as Fed officials are considering whether to lift their key interest rate for a 12th time in the past year and a half at their next meeting in September. Schmidt’s appointment takes effect on August 21st.