- Labor force remains in a good place
- Still still have a way to in beating inflation
Jeffrey Schmid, president of the Kansas City Fed, has maintained a hawkish focus on inflation. Last week Schmid participated on another panel with Riehmond Fed’s Barkin and Boston Fed’s Susan Colling
- Supported September’s rate hike, alongside Richmond Fed President Tom Barkin and Boston Fed President Susan Collins.
- Inflation remains the priority, with a broadly stable economy giving the Fed room to focus on restoring price stability.
- Said the Fed still has work to do to fulfill the inflation side of its mandate.
- Higher borrowing costs are affecting housing and commercial credit.axios.com
My read: Schmid remains focused on inflation, while recognizing that higher market rates are tightening financial conditions. These remarks do not establish a commitment to another October hike.
This article was written by Greg Michalowski at investinglive.com.