Fed's current monetary policy stance is 'exactly where we want to be,' official says
1. Federal Reserve aims to keep interest rates steady to manage inflation. 2. Inflation remains above Fed's 2% target, influencing monetary policy decisions. 3. Market conditions indicate a neutral stance in monetary policy effectiveness. 4. Schmid suggests tariffs have a muted impact on inflation predictions. 5. Recent dissent in the Fed indicates differing views on rate cuts.