{ "data_version": "1", "schema": "https://whatledto.com/data", "id": "jeffrey-schmid", "name": "Jeffrey Schmid", "kind": "person", "url": "https://whatledto.com/who/jeffrey-schmid", "description": "", "same_as": [], "timelines": [ { "slug": "fed-rate-path-2025-2026", "title": "The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings", "url": "https://whatledto.com/events/fed-rate-path-2025-2026", "json": "https://whatledto.com/events/fed-rate-path-2025-2026.json", "role": "Kansas City Fed president who dissented against an October 2025 cut and later voted for a July 2026 rate increase.", "entries": 3, "updated_at": "2026-10-16T02:10:22.232634+00:00" } ], "entries": [ { "timeline": "fed-rate-path-2025-2026", "id": 1896, "url": "https://whatledto.com/events/fed-rate-path-2025-2026#n1896", "date": "2026-10-06", "date_precision": "day", "title": "Schmid says the Fed has work to do on its policy rate", "summary": "Jeffrey Schmid said the Federal Reserve remained focused on its short-term policy rate. He said the Fed had work to do on that rate.", "type": "response", "entities": [ "Jeffrey Schmid", "Federal Reserve Bank of Kansas City", "Federal Reserve" ], "parties": [ "jeffrey-schmid", "federal-reserve-bank-of-kansas-city", "federal-reserve" ], "sources": [ { "url": "https://globaltradereview.com/news/all/6ac61828ed554471ad17f6c1", "outlet": "Global Trade Review", "published": "2026-10-06", "quote": "“But I think for us, we focus purely on that short rate, and I think we have some work to do on the short rate.”" } ] }, { "timeline": "fed-rate-path-2025-2026", "id": 418, "url": "https://whatledto.com/events/fed-rate-path-2025-2026#n418", "date": "2025-12-10", "date_precision": "day", "title": "Third cut of the year to 3.5 to 3.75 percent, over three dissents", "summary": "The FOMC delivered a third consecutive quarter-point cut, taking the range 75 basis points below its September level. Miran dissented for a larger cut while Austan Goolsbee and Jeffrey Schmid preferred to hold, the most dissents at a meeting since 2019. The projections showed only one cut in 2026, and this was the last change in the target range for at least the following nine months.", "type": "announcement", "entities": [ "Federal Open Market Committee", "Jerome Powell", "Stephen Miran", "Austan Goolsbee", "Jeffrey Schmid" ], "parties": [ "federal-open-market-committee", "jerome-powell", "stephen-miran", "austan-goolsbee", "jeffrey-schmid" ], "sources": [ { "url": "https://www.federalreserve.gov/newsevents/pressreleases/monetary20251210a.htm", "outlet": "Federal Reserve Board", "published": "2025-12-10", "quote": "Voting against this action were Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting; and Austan D. Goolsbee and Jeffrey R. Schmid, who preferred no change to the target range for the federal funds rate at this meeting." } ] }, { "timeline": "fed-rate-path-2025-2026", "id": 417, "url": "https://whatledto.com/events/fed-rate-path-2025-2026#n417", "date": "2025-10-29", "date_precision": "day", "title": "Second cut to 3.75 to 4 percent; balance-sheet runoff to end December 1; dissents in both directions", "summary": "With the government shut down and most official data suspended, the committee cut again and announced it would stop shrinking its securities holdings on December 1. Miran again wanted a half point while Kansas City's Jeffrey Schmid wanted no change. Powell said a December cut was far from a foregone conclusion.", "type": "announcement", "entities": [ "Federal Open Market Committee", "Jerome Powell", "Stephen Miran", "Jeffrey Schmid" ], "parties": [ "federal-open-market-committee", "jerome-powell", "stephen-miran", "jeffrey-schmid" ], "sources": [ { "url": "https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm", "outlet": "Federal Reserve Board", "published": "2025-10-29", "quote": "The Committee decided to conclude the reduction of its aggregate securities holdings on December 1." } ] } ], "often_with": [ { "id": "us-government", "name": "U.S. government", "url": "https://whatledto.com/who/us-government", "json": "https://whatledto.com/who/us-government.json", "shared_timelines": 1 }, { "id": "donald-trump", "name": "Donald Trump", "url": "https://whatledto.com/who/donald-trump", "json": "https://whatledto.com/who/donald-trump.json", "shared_timelines": 1 }, { "id": "freddie-mac", "name": "Freddie Mac", "url": "https://whatledto.com/who/freddie-mac", "json": "https://whatledto.com/who/freddie-mac.json", "shared_timelines": 1 }, { "id": "bureau-of-labor-statistics", "name": "Bureau of Labor Statistics", "url": "https://whatledto.com/who/bureau-of-labor-statistics", "json": "https://whatledto.com/who/bureau-of-labor-statistics.json", "shared_timelines": 1 }, { "id": "bill-pulte", "name": "Bill Pulte", "url": "https://whatledto.com/who/bill-pulte", "json": "https://whatledto.com/who/bill-pulte.json", "shared_timelines": 1 }, { "id": "kevin-warsh", "name": "Kevin Warsh", "url": "https://whatledto.com/who/kevin-warsh", "json": "https://whatledto.com/who/kevin-warsh.json", "shared_timelines": 1 }, { "id": "federal-housing-finance-agency", "name": "Federal Housing Finance Agency", "url": "https://whatledto.com/who/federal-housing-finance-agency", "json": "https://whatledto.com/who/federal-housing-finance-agency.json", "shared_timelines": 1 }, { "id": "federal-reserve", "name": "Federal Reserve", "url": "https://whatledto.com/who/federal-reserve", "json": "https://whatledto.com/who/federal-reserve.json", "shared_timelines": 1 } ], "license": { "holder": "What Led To", "terms": "https://whatledto.com/methodology#reuse", "summary": "Quote entries with attribution and a link to the entry; do not republish whole timelines or train models on the text." } }