- Policy is modestly restrictive and appropriate.
- Officials will be watching August and September inflation data.
- Labor market is solid.
- I’m sure that Cook will handle matters as she needs to
- Some cooling in first couple quarters but there is optimism now.
- Supply and demand for workers seems to be in balance despite immigration impacts.
- The last mile of inflation is pretty hard.
- Inflation number likely closer to 3 than 2. There is work to do.
- Markets and spreads are in good shape. Need definitive data to move the policy rate.
Schmid (voter) is a hawk, so these comments are not surprising and they are in line with his recent remarks.
This article was written by Giuseppe Dellamotta at investinglive.com.