Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Wednesday that overly high inflation remains a key problem the central bank needs to address, but he stopped short of saying how ​monetary policy should respond. “I think we have work to do on the inflation side of things,” while “I think we're in a pretty good place for employment,” Schmid said in an appearance before the Economic Club of Colorado. The ⁠bank president did not, however, say how that mix of factors is influencing his outlook for monetary ⁠policy. Schmid was a skeptic of the Fed’s push to lower the cost of short-term borrowing last ... (full story)