PRIMER - Today's Fedspeak includes Schmid, Daly, Bowman, Paulson

11:50BST/06:50EDT: Fed's Schmid (2028 voter) speaks in Reykjavik. Speaking a fortnight ago, Schmid said inflation remains the most pressing risk to the US economy, adding that while it has moderated from its peak, still remains too high. Schmid said the labour market was stable, and the broader economy was resilient.
12:45BST/07:45EDT and 17:00BST/12:00EDT: Fed's Daly (2027 voter) will give an interview on Fox Business, and will later give remarks at an economic forum. Speaking earlier in the month, Daly downplayed divisions among policymakers over the Fed's post-meeting statement, saying its phrasing matters less than the Committee's actions, and that all members agreed to hold rates steady. On policy, she said it is slightly restrictive at present, and that underlying pre-conflict dynamics should return if the Iran war resolves.
14:10BST/09:10EDT: Fed' Bowman (voter) speaks in Reykjavik. The Fed's Vice Chair of Supervision has not recently commented directly on monetary policy. She has recently noted that the post-2008 capital rules pushed corporate lending from regulated banks into the USD 1.4tln private credit market, with bank share of corporate lending falling to 29% in 2025 from 48% in 2015, adding that the Fed is recalibrating Basel III rules to lower risk weights for investment-grade corporate loans. She also said regulators must consider how to supervise new AI tech, and that regulators are preparing a report on sound practices for AI adoption and use.
14:15BST/09:15EDT: Fed's Paulson (2026 voter) will give remarks on the economic outlook. Speaking a couple of weeks ago, Paulson said inflation remains too high and rate cuts may only follow once it is controlled, adding that current policy is appropriate, and that markets pricing in an extended hold or hikes is healthy. She noted that the labour market is stable and consumption is slowing but resilient, and said a rate hike could be considered if growth exceeds potential or further inflation risks emerge. She sees risks to both inflation and the outlook as "super-elevated."