US interest rates well-placed to fight inflation: Fed official | Business

WASHINGTON, Oct 7, 2025 (BSS/AFP) - US interest rates are in a good place for the Federal Reserve's inflation fight, a senior central bank official said Monday, pushing back against President Donald Trump's calls for cuts. "Overall, given the state of the economy and financial markets, I view the current stance of policy as only slightly restrictive, which I think is the right place to be," Kansas City Fed President Jeff Schmid told a conference in the city, according to prepared remarks. Schmid, who is a voting member of the Fed's powerful rate-setting committee this year, said he had voted for a rate cut last month as an "appropriate risk-management strategy," given the ongoing signs of a cooling labor market....