Golden Finance reports that The Federal Reserve's Harker stated that as challenges to the U.S. financial system are on the rise, the deficit must be controlled, and he is "very concerned" about the current government fiscal situation. Harker also mentioned: "We are becoming increasingly blind in terms of key data. We are concerned that the quality of economic data is declining. Uncertainty makes it very difficult to predict the outlook for monetary policy. However, amid the uncertainty, the Federal Reserve may still lower interest rates later this year."
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The Federal Reserve (FED) Harker: Very concerned about the government's fiscal situation; may cut interest rates within the year.
Golden Finance reports that The Federal Reserve's Harker stated that as challenges to the U.S. financial system are on the rise, the deficit must be controlled, and he is "very concerned" about the current government fiscal situation. Harker also mentioned: "We are becoming increasingly blind in terms of key data. We are concerned that the quality of economic data is declining. Uncertainty makes it very difficult to predict the outlook for monetary policy. However, amid the uncertainty, the Federal Reserve may still lower interest rates later this year."