Kansas City Fed's Schmid Says Supported Rate Hike, Recent Data Suggest Inflation Trending Above 3%; Rate Hike Was A Step Towards Returning To The 2% Target; Current Inflation Problem 'not Just About Energy,' Price Growth Has Been 'Hot' Across A Broad Set Of Goods And Services; High Inflation A Sign Supply And Demand Are Out Of Balance; Outside Of Inflation The Economy Is Performing Well