Philadelphia Fed President Harker: The Fed is not acting hastily

Odaily Planet Daily News Philadelphia Fed Chairman Hark said on Thursday that he still expects the Fed to cut interest rates, but the policy path is shrouded in considerable uncertainty. Hark said, “I still think we are on the road of policy Faiz Oranı decline. I don’t intend to deviate from this road or turn around. The exact speed of continuing forward will depend entirely on the new data received.” Hark did not have voting rights this year. He said in his speech, “The overall foundation of our economy is still strong,” but even so, “we are still in a very unstable period,” which limits guidance on future policy paths. Hark 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 more and more signs indicate that low-income people are under greater pressure, which worries him. (Jinshi Data APP)