【Federal Reserve's Schmidt: The Federal Reserve is not expected to achieve the 2% inflation target until 2026】 According to Golden Finance, Federal Reserve's Schmidt stated that the Federal Reserve is not expected to achieve the 2% inflation target until 2026. The final stage of reducing inflation to 2% may be the most challenging for monetary policy. The Federal Reserve's quantitative tightening is somewhat contradictory to interest rate cuts. The Federal Reserve's balance sheet stance still suppresses yields. Currently, there will be opposition to halting the Federal Reserve's balance sheet reduction efforts. There is a concern that the measures to reduce the balance sheet may lead to volatility.