Fed's Schmid Says Labor Market Seems Roughly Stable; Recent Inflation Data Encouraging But Too Early To Put Too Much Weight On It; Inflation Is Proving Persistent Across A Broad Selection Of Goods And Services, Is 'Concerning'; Accountability Requires The Fed Talk About How It Makes Decisions, Provides Transparency And Allows For Open Criticism; Focused On Inflation In Setting Monetary Policy; Inflation Shocks Are Not Intrinsically Transitory, Disagrees Fed Should "Look Through" Certain Types Of Increases