Surveys showing a rise in consumer inflation expectations mean the central bank needs to keep its focus on ensuring price pressures are contained.

Federal Reserve Bank of Kansas City President Jeff Schmid sounded a warning about rising inflation expectations and concerns over economic growth, cautioning that the US central bank may soon confront both.

With inflation remaining "firmer than I would like and a bit sticky," along with a still-strong labor market, Federal Reserve Bank of Kansas City President Jeffrey Schmid has "become more cautious" on the inflation outlook,