Fed's Schmid says high inflation still bigger issue facing central bank

By Michael S. Derby NEW YORK, Feb 25 (Reuters) - 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, howe ...