#CNBC Kansas City Fed president on inflation: ‘That last mile is pretty hard’

Kansas City Fed president on inflation: ‘That last mile is pretty hard’
Kansas City Federal Reserve President Jeffrey Schmid expressed doubt about lowering interest rates in September, saying policymakers still have more work to do on inflation.

“We’re in a really good spot, and I think we really have to have very definitive data to be moving that policy rate right now,” he said during a “Squawk Box” interview that aired Thursday.

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