Fed's Schmid (2028 voter) says full employment likely between 3.5-4.5%

Fed's Schmid (2028 voter) says full employment likely between 3.5-4.5%.

Fed's Schmid's remarks on full employment suggest a tighter range than previously indicated, which could signal a hawkish tilt in future monetary policy discussions. If the Fed believes employment levels will stabilize at this range, it might imply a shift in focus towards inflation control, potentially impacting interest rate trajectories and market pricing for future rate hikes.