Kansas City Federal Reserve Bank President Jeffrey Schmid gave his first major speech a little earlier:
- Fed's Schmid: Not out of high inflation yet, Fed should be patient on cuts
- More from Fed's Schmid: Would be a mistake to consider cryptocurrency as a currency
The Wall Street Journal's Nick Timiraos tweeted on the freshly minted hawk:
![timiraos schmid Federal Reserve February 2024 2](https://images.forexlive.com/images/timiraos%20schmid%20Federal%20Reserve%20February%202024_id_85e61a57-e20e-46d9-a5aa-2228cf02f3e3_original.jpg)
Schmid replaced previous KC head Esther George, who was also a hawk:
![Federal Reserve Bank of Kansas City President Esther George](https://images.forexlive.com/images/Federal%20Reserve%20Bank%20of%20Kansas%20City%20President%20Esther%20George_id_5221397a-aadb-427f-9b03-2e2d58ff6919_original.jpeg)
Esther George. Doves don't scowl like that.