Odaily Daily Planet News, Philadelphia Fed President 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 think we are on a path of interest rate cuts. I have no intention of deviating from this path or turning around. The exact speed of continuing forward will depend entirely on the new data received.” Harker has no 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 restricts guidance on the future policy path. 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. There are increasing signs that lower-income earners are facing greater pressure, which concerns him. (Jinshi Data APP)
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Presidente do Fed da Filadélfia Harker: O Fed não tomará medidas precipitadas
Odaily Daily Planet News, Philadelphia Fed President 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 think we are on a path of interest rate cuts. I have no intention of deviating from this path or turning around. The exact speed of continuing forward will depend entirely on the new data received.” Harker has no 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 restricts guidance on the future policy path. 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. There are increasing signs that lower-income earners are facing greater pressure, which concerns him. (Jinshi Data APP)