Jeffrey Schmid, president of the Federal Reserve Bank of Kansas, spoke and said:
- The policy is in the right place.
- It is necessary to remain vigilant and flexible.
- We are ready to be patient with the decline in inflation towards 2%.
- Inflation expectations remain relatively low and stable.
- Inflation is still very high, and the Fed has more work to do.
- Interest rates may remain high for some time.
- The labor market has come out of a historical boiling state by several measures.
- There are signs that the imbalances that lead to inflation are starting to recede.
- The Fed must prevent inflation from becoming entrenched.
Schmid did not depart from the current scenario of Fed officials, saying that interest rates could remain high for some time. It is worth noting that today the US economy will release inflation data represented by the Consumer Price Index.
