Federal Reserve's Schmid: The labor market is generally balanced, inflation is too high

Kansas City Federal Reserve President Schmid: Interest rate cuts cannot solve the structural changes in the labor market. The Federal Reserve's policy stance is only moderately restrictive. Risk warning and disclaimer: The market has risks, and investments should be made cautiously. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk