Kansas City Fed President and CEO Schmid said in an interview that markets will be closely watching new Federal Reserve Chair Warsh's Friday speech at this year's Jackson Hole conference for signs of how he will distinguish himself from the Jerome Powell era. Schmid also shared his views on the retirement of the baby boomer generation and its impact on the labor market, his recent FOMC vote, and explained why this conference is so focused on payments. The conference comes at a tense time for U.S. and global monetary policy, with high bond yields, above-target inflation, and the full economic impact of artificial intelligence yet to be seen.