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Fed's Schmid (2028 voter) says labour force remains in a good place; Still have a way to go in beating inflation; Credibility at stake in fight against inflation

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Schmid described the labour force as being in a good place, while saying inflation remained unfinished work and short-term interest-rate work remained despite higher long-term yields.

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Still has work to do on the short-term interest rate despite higher long-term yields.

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