Kansas City Fed's Schmid Says Supported Rate Hike, Recent Data Suggest Inflation Trending Above 3%; Rate Hike Was A Step Towards Returning To The 2% Target; Current Inflation Problem 'not Just About Energy,' Price Growth Has Been 'Hot' Across A Broad Set Of Goods And Services; High Inflation A Sign Supply And Demand Are Out Of Balance; Outside Of Inflation The Economy Is Performing Well
Speaks on "Payments, Banking and the Federal Reserve" at the Independent Community Bankers of Colorado Annual Convention at The Hythe in Vail, Colorado