Federal Reserve's Schmid: Maintaining restrictive interest rates to address inflationary pressures

ChainCatcher News, according to Golden Ten Data, Federal Reserve's Schmid stated that interest rates should remain at levels that continue to put pressure on the economy in order to further cool inflation. He prefers to maintain a moderately restrictive monetary policy and pointed out that rate cuts may not stimulate hiring, as the slowdown in growth is driven by structural factors. He is concerned that rate cuts could have a more lasting impact on inflation and questioned the commitment to the 2% inflation target.