Odaily Planet Daily News: Kansas City Fed President Schmid said on Monday that he was inclined not to cut interest rates further, saying that as the Fed seeks a balance between the dual risks of over-tight and over-loose policies, it should continue to pay attention to the risk of excessive inflation. Schmid supported the Fed's decision to cut interest rates by 25 basis points in September, saying it was appropriate risk management against the backdrop of a cooling labor market. However, he pointed out that various indicators showed that the overall job market remained healthy, while inflation remained too high, with service sector inflation stabilizing at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the scope of price increases is also widening," Schmid said, noting that as of August, nearly 80% of the categories in official inflation statistics had seen price increases, up from 70% at the beginning of the year. He added: "Overall, I expect the impact of tariffs on inflation to be relatively mild, but I think this indicates that policy has been appropriately calibrated, rather than that the policy rate should be significantly lowered." (Jinshi)