Fed Schmid: Labor force remains a in a good place

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Labor force remains in a good placeStill still have a way to in beating inflationCredibility at stake in fighting inflationJeffrey Schmid, president of the Kansas City Fed, has maintained a hawkish focus on inflation. Last week Schmid participated on another panel with Riehmond Fed's Barkin and Boston Fed's Susan CollingSupported September’s rate hike, alongside Richmond Fed President Tom Barkin and Boston Fed President Susan Collins.Inflation remains the priority, with a broadly stable economy giving the Fed room to focus on restoring price stability.Said the Fed still has work to do to fulfill the inflation side of its mandate. Higher borrowing costs are affecting housing and commercial credit.axios.comMy read: Schmid remains focused on inflation, while recognizing that higher market rates are tightening financial conditions. These remarks do not establish a commitment to another October hike. This article was written by Greg Michalowski at investinglive.com.