Jeff Schmid, president of the Federal Reserve Bank of Kansas City, reiterated his focus on fighting inflation and said monetary policy may need to become more restrictive, according to a May 29 report by Jin10. The combined reports frame persistent inflation as a challenge to economic stability that affects consumer purchasing power, business planning, and Federal Reserve policy decisions. A more restrictive stance generally implies tighter financial conditions, such as keeping borrowing costs elevated or limiting liquidity, which can influence investment conditions and risk appetite across markets, including cryptocurrencies.