Federal Reserve's Harker: No need to adjust interest rates after consecutive cuts, will maintain at least until spring

PANews, December 21 – According to Jinse Finance, Federal Reserve's Harker stated that after three consecutive rate cuts at the past meetings, there is no need to adjust interest rates in the coming months. Harker opposes recent rate cuts because she is more concerned about persistently high inflation 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.

In an interview with The Wall Street Journal's "Take On the Week" podcast on Thursday, she said, "My baseline expectation is that rates can be maintained at their current level for some time, at least until spring. Until we get clearer evidence that either inflation is falling back to target levels or the job market is showing more substantial weakness."