Kansas City Fed President Jeffrey Schmid is a hawk and “non voter”:
* Price growth is not just about energy; Prices have been hot across a broad set of goods and serves
* High inflation a sign supply and demand are out of balance
* Outside of inflation economy is performing well
* He agrees with Fed Chair Warsh’s framework on why bond yields have risen: Driven by economic growth, demand for capital from AI investments, and geopolitical changes
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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