According to Odaily, Federal Reserve official Schmid stated that if inflation continues to stay low, it would be appropriate to consider rate cuts. He noted that while inflation is nearing the target, it has not been fully achieved yet. Schmid expressed support for reforms to make the Federal Reserve's discount window tool more effective, suggesting that the discount window could serve as a liquidity risk management tool.

Despite a weak July employment report, Schmid highlighted that economic growth and demand remain strong. He also mentioned that the current policy stance of the Federal Reserve is not as restrictive as it might seem.