[Federal Reserve's Schmidt Opposes Rate Cut: Inflation Too High, Restrictive Policy Should Be Maintained] Kansas City Federal Reserve President Schmidt opposed the Fed's decision to cut interest rates by 25 basis points this week, citing that inflation remains too high and monetary policy should continue to maintain a moderately restrictive stance. Schmidt pointed out that the economy still has momentum and inflation is too hot, indicating that the current policy is not overly tight. Schmidt believes that since opposing a rate cut in October, the situation has not changed significantly—inflation is still above the 2% target, the labor market is generally balanced, and there is no urgent reason to cut rates.