Federal Reserve's Inflation Target May Be Achieved By 2026, Says Official

According to Odaily, Federal Reserve official Schmid has indicated that the central bank may not achieve its 2% inflation target until 2026. The final phase of reducing inflation to this level is expected to be the most challenging for monetary policy. There is a noted contradiction between the Fed's quantitative tightening and interest rate cuts. The Fed's balance sheet stance continues to suppress yields. Currently, there is opposition to halting the reduction of the Fed's balance sheet, as there is a desire to avoid volatility caused by such measures.