Fed's Harker Urges Immediate Rate Cut
Publication Time:2024-08-23 23:07:06
In his latest public speech, Dr. Harker of the Federal Reserve clearly stated that given the uncertainties in the current global economic environment and potential downside risks to the domestic economy, the Fed needs to adopt a more proactive monetary policy strategy, which means initiating a rate cut. He believes that by lowering short-term interest rates, consumption and investment can be effectively stimulated, thereby promoting economic growth. Harker emphasized that the Fed should immediately start the rate cut process and maintain the continuity of this policy to ensure economic stability and sustainable development. These remarks reflect the strong market expectation for adjustments in monetary policy and highlight the complex decision-making environment faced by policymakers in the face of economic challenges.
Fed
rate cut
Economic Situation