Fed's Harker supports keeping interest rate policy stable

avatar
ODAILY
02-17
This article is machine translated
Show original
Odaily Odaily News reports that Federal Reserve official Hacker expressed optimism about the US economic situation, stating that he believes there is currently no reason to change the interest rate policy, as the Federal Reserve continues to work to reduce the level of inflation. Hacker said that the current data shows that the US economy will continue to operate in a strong manner. Inflation remains at a high level, but with the passage of time, in a resilient economic growth and a balanced labor market, inflation appears to be expected to ease, which are sufficient reasons to maintain a stable policy interest rate. He expects inflationary pressures to continue to weaken and return to the 2% target within the next few years, and stated: "Although I will not promise a specific timetable, I remain optimistic that inflation will continue to decline, and the policy interest rate will be able to decline in the long run." (Gold Ten)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments