• Policy is modestly restrictive and appropriate.
• Officials will be watching August and September inflation data.
• Labor market is solid.
• I’m sure that Cook will handle matters as she needs to
• Some cooling in first couple quarters but there is optimism now.
• Supply and demand for workers seems to be in balance despite immigration impacts.
• The last mile of inflation is pretty hard.
• Inflation number likely closer to 3 than 2. There is work to do.
• Markets and spreads are in good shape. Need definitive data to move the policy rate.

Schmid (voter) is a hawk, so these comments are not surprising and they are in line with his recent remarks.

This article was written by Giuseppe Dellamotta at investinglive.com.