Schmid, president of the Federal Reserve Bank of Kansas City, believes the labor market is healthy, despite market concerns, indicating a positive outlook on inflation and economic stability.
Schmid's cautious optimism is evident in his reserved observations about the current state of inflation, emphasizing the need to consider longer periods to analyze data and anticipate potential shocks.
While Schmid acknowledges the possibility of his stance changing based on inflation trends, he suggests that adjustments in policy might be considered if inflation remains low, potentially leading to a shift before September.
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