Federal Reserve's Harker: Rate cuts are still possible later this year

ChainCatcher news, Federal Reserve's Harker stated that as the U.S. financial system faces increasing challenges, 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 key data.

We are worried that the quality of economic data is declining. Uncertainty makes it very difficult to predict the outlook for monetary policy. However, amidst the uncertainty, the Federal Reserve may still cut interest rates later this year." (Jin Shi)