Fed's Harker stated that after three consecutive rate cuts in recent meetings, there is no need to adjust rates in the coming months. Harker opposes recent rate cuts because she is more concerned about persistently high inflation rather than potential labor market vulnerabilities. Harker is not a voting member of the rate-setting committee this year but will become a voting member next year. "My basic expectation is that rates can be maintained at the current level for some time, at least until spring. Until we get clearer evidence showing that either inflation is falling back to target levels or the labor market is experiencing more substantial weakness," she said in an interview with The Wall Street Journal's Take On the Week podcast on Thursday.
All Comments