Kansas City Fed President Jeff Schmid speaks to CFA Society Kansas City on the economic outlook and monetary policy.

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  • In balancing its foals the Fed must maintain inflation credibility

  • Inflation is too high, ‘worrying’ that price increases are becoming more widespread

  • Monetary policy is appropriately calibrated

  • Labor market cooling, remains healthy

  • Monetary policy only slightly restrictive

  • Aggressively boosting demand could raise risk of outsized increase in prices

  • Monitoring alternative labor market, price data closely

  • Expect tariffs to have muted effect on inflation

Source: Investing Live