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Fed's Schmid says central bank independence 'important'

BY Reuters | ECONOMIC | 01/15/26 02:45 PM EST

Jan 15 (Reuters) - Kansas City Fed President Jeff Schmid on Thursday joined a near-unanimous chorus of ?his colleagues in offering support for ?Fed Chair Jerome Powell after ?he disclosed on Sunday ?a ?threatened indictment from the Trump administration and ?named it ?a pretext for pressuring the central bank ?to lower interest ?rates.

"I ?can't believe I didn't get a couple of questions ?about Chair Powell," Schmid said at the end of a question-and-answer session following a speech to the ?Economic ?Club of Kansas City. "I believe in my DNA ?that an independent central bank is very important to the nature of managing this amazing economy. But if you need ?resources, if you'd like more specifics, please reach out." (Reporting by Ann ?Saphir; Editing by Chizu Nomiyama )

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