Inflation Still Too High — Fed's Jeff Schmid Explains His Vote Not to Cut Rates This Week

Inflation levels remain elevated and are not at a satisfactory level for the economy, prompting Fed official Jeff Schmid to articulate the rationale behind his decision to vote against reducing interest rates during this week's monetary policy meeting. Schmid expresses concern that lowering rates at this juncture could exacerbate inflationary pressures, undermining the progress that has been made toward achieving economic stability. source: https://www.coindesk.com/markets/2025/10/31/inflation-still-too-high-fed-s-jeff-schmid-explains-his-vote-not-to-cut-rates-this-week