Reported on Meta.SE

If I want to start a post off with a bolded statement (usually a TL;DR), on mobile I can't see what I'm doing if I use the Rich Text editor, as the 'Bold' label doesn't disappear until I tap the white pop-up:

It would be nice if these things a.) weren't put in a place where they block part of the editor or b.) automatically disappeared (perhaps a short time-out?), so that I can start typing without having to manually dismiss them.