Federal Reserve's Schmid firmly insists that inflation remains too high. Kansas City Fed Chairman Schmid reiterated that inflation remains too high and added that the latest data shows that the inflation rate is nearly one percentage point higher than the Fed's target. He said, "Inflation has been above the Fed's target for nearly five years, and I don't think we have any reason to be complacent." After holding back at the first annual meeting in January, Fed officials are expected to maintain interest rates unchanged at this month's meeting. Most policy makers indicate that they tend to temporarily maintain interest rate stability, waiting for more evidence of inflation cooling down and moving towards their targets. Schmid pointed out that there is significant inflationary pressure in the goods and services sectors affected by tariffs. He said that although he is optimistic that artificial intelligence and other emerging technologies will eventually bring about inflation free growth, "we have not yet reached that point. Schmid also mentioned recent data, stating that it "largely indicates that the labor market is in a state of equilibrium". He warned that with an aging population, the high demand for healthcare professionals will continue, which is squeezing the industry's profit margins and may bring further inflation risks. By 2025, the healthcare industry will contribute almost all of the new job opportunities.