Kansas City Fed President Jeff Schmid said on Friday that he voted against last Wednesday’s 25 basis point rate cut because he’s concerned that economic growth and investment could fuel upward pressure on inflation. “By my assessment, the labor market is largely in balance, the economy shows continued momentum, and inflation remains too high,” Schmid said in a statement. Also, Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack said they would have preferred to keep interest rates unch ...