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📖 Day 1 · Quiz (Single Choic
Fed Harker: Inflation remains a major concern, expects Fed will not cut interest rates in September.
PANews August 21 news, according to Jin10 data, Fed official Hamak stated that the current inflation level is too high and on the rise, requiring close attention. He believes there is still some distance to reach a neutral policy level, but there is no need to adopt stimulative policies. In addition, Hamak pointed out that despite facing economic slowdown, the labor market may remain balanced, and the unemployment rate is one of the important indicators. Regarding the impact of tariffs, he stated it is still unclear whether it is merely a one-time effect. Based on existing data, he expects the Fed will not cut interest rates in September.