【Federal Reserve's Schmid: Expect the Federal Reserve to achieve a 2% inflation target only by 2026】Golden Finance reports that Federal Reserve's Schmid stated that it is expected that the Federal Reserve will only achieve a 2% inflation target by 2026. The final phase of bringing inflation down to 2% may be the most challenging for monetary policy. The Federal Reserve's quantitative tightening is somewhat contradictory to rate cuts. The Federal Reserve's balance sheet position is still suppressing yields. Currently, there will be opposition to halting the Federal Reserve's balance sheet reduction actions. Do not want the measures to reduce the balance sheet to lead to volatility.