Odaily Planet Daily News, Chairman of the Philadelphia Federal Reserve, Harker, said on Thursday that he still expects the Fed to cut interest rates, but the policy path is shrouded in considerable uncertainty. Harker said, ‘I still believe that we are on a path of interest rate cuts. I do not intend to deviate from this path or turn back. The exact speed of progress will depend entirely on the new data received.’ Harker does not have voting rights this year. In his speech, he said, ‘The overall foundation of our economy remains strong,’ but even so, ‘we are still in a very unstable period,’ which limits guidance on future policy paths. Harker pointed out that it will take longer than expected to bring inflation back to the 2% target. He also said that the labor market has stabilized and remained healthy, and there are increasing signs that low-income earners are facing greater pressure, which concerns him. (Jinshi Data APP)
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Presiden Federal Reserve Philadelphia, Harker: Federal Reserve tidak akan bertindak terburu-buru
Odaily Planet Daily News, Chairman of the Philadelphia Federal Reserve, Harker, said on Thursday that he still expects the Fed to cut interest rates, but the policy path is shrouded in considerable uncertainty. Harker said, ‘I still believe that we are on a path of interest rate cuts. I do not intend to deviate from this path or turn back. The exact speed of progress will depend entirely on the new data received.’ Harker does not have voting rights this year. In his speech, he said, ‘The overall foundation of our economy remains strong,’ but even so, ‘we are still in a very unstable period,’ which limits guidance on future policy paths. Harker pointed out that it will take longer than expected to bring inflation back to the 2% target. He also said that the labor market has stabilized and remained healthy, and there are increasing signs that low-income earners are facing greater pressure, which concerns him. (Jinshi Data APP)