Federal Reserve's Harker stated that he does not support a rate cut for now, emphasizing that inflation is too high

ChainCatcher news, according to Jinshi reports, Cleveland Fed President Mester stated that if Federal Reserve officials are to make a policy decision tomorrow, she would not support a rate cut. She pointed out that the current level of inflation is too high and has been on the rise over the past year. Mester acknowledged concerns about the labor market but believes it is important to maintain a moderately tightening policy stance to continue bringing inflation back to target levels.