The Kansas City Fed President Said Inflation Is 'Sticky' And Believes The Central Bank Has Not 'Broken Through'

Kansas City Federal Reserve President Jeffrey Schmid said inflation is "still stubborn and it’s still sticky," and the central bank has not yet managed to "break through." (Credit: Getty Images)

Kansas City Federal Reserve President Jeffrey Schmid said inflation is "still stubborn and it's still sticky," and the central bank has not yet managed to "break through."

Speaking to CNBC on Thursday, Schmidt, who does not vote on FOMC decisions, added that Fed members will "have our work cut out for us as we move into the cycle."