#FedSchmidUrgesInflationCommitment Defending Schmid's stance isn't being "hawkish" out of ideology; it's being realistic out of necessity. With inflation at 3.8%, an ongoing energy shock, and the Fed's credibility hanging in the balance, we can't afford a miscalculation. The Fed needs to stay firm and be ready to hike rates if necessary. Schmid reminds us of a fundamental lesson: price stability is the foundation of any sustainable growth. And in 2026, that lesson is more relevant than ever.