Kansas City Fed's Schmid shows hesitation about widely expected September rate cut
1. Schmid doubts September interest rate cuts due to ongoing inflation work. 2. Markets predict an 80% chance of rate reduction next month. 3. Trump pressures the Fed for lower rates, linking it to housing market needs. 4. Schmid believes inflation near 3% complicates rate cut decisions. 5. Political controversies around the Fed could influence public perception and policy.