---
title: "Kansas City Fed President Esther George explains her decision to vote against the rate cut, stating that inflation concerns are the main reason"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/263751604.md"
description: "Kansas City Federal Reserve Bank President Jeffrey Schmid explained his decision to oppose interest rate cuts at this week's meeting, primarily due to concerns about inflation. He pointed out that U.S. stocks are near historical highs and that the bond yield spread is narrow, indicating that financial conditions are not tight. He believes that inflation is the responsibility of the Federal Reserve, and therefore, when weighing the dual mandate, he chose to keep the policy interest rate stable. Schmid is a voting member of the Federal Open Market Committee this year and opposed a 25 basis point rate cut"
datetime: "2025-10-31T12:45:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263751604.md)
  - [en](https://longbridge.com/en/news/263751604.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263751604.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/263751604.md) | [English](https://longbridge.com/en/news/263751604.md)


# Kansas City Fed President Esther George explains her decision to vote against the rate cut, stating that inflation concerns are the main reason

Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, explained his decision to oppose interest rate cuts at this week's meeting on Friday, stating that he remains concerned about inflation issues.

In a statement, Schmid said, "U.S. stocks are near historical highs, corporate bond spreads are very narrow, and there is a large volume of high-yield bond issuance. None of these indicate that financial conditions are particularly tight or that the policy stance is restrictive."

He added, "Ultimately, inflation is the responsibility of the Federal Reserve and within its control. When weighing the dual mandate—and the effectiveness of the Federal Reserve's actions to achieve that mandate—I tend to favor keeping the policy rate stable at this week's meeting."

Schmid is a voting member of the Federal Open Market Committee that sets interest rates this year. He voted against a 25 basis point rate cut alongside Governor Stephen Milan, although Milan originally sought a 50 basis point cut

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