Federal Reserve's Harker: It may be time for the Federal Reserve to slow down the pace of interest rate cuts

ChainCatcher news, Federal Reserve's Harker stated that it may be time for the Fed to slow down the pace of interest rate cuts. She believes that the Fed's policy rate may not be much higher than the neutral level. Harker pointed out that financial markets expect the Fed to cut rates only once in the next two meetings, and she stated that this expectation aligns with her view. She mentioned that inflation, economic growth, and the labor market remain stronger than the Fed's expectations in September.

Harker's remarks are one of the clearest signals from recent Federal Reserve officials, suggesting that the Fed's policy stance may no longer be very firmly aimed at cooling inflation and economic growth.