Jeff Schmid, president of the Federal Reserve Bank of Kansas City, spoke about the current state of the economy and the outlook for monetary policy. He emphasized the importance of controlling inflation and noted positive trends in the labor market. Schmid also commented on possible changes in interest rates in the near future.
Jeff Schmid, president of the Federal Reserve Bank of Kansas City, stated on Friday... [Here is the rest of the news text in English, edited as per the requirements: starting with general information, moving to details, links and social media mentions removed, quotes in separate paragraphs, text broken into 3-5 sentence paragraphs, no language mix-ups or Chinese characters].
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