According to BlockBeats, on July 8, the New York Fed and the San Francisco Fed released a report stating that despite high short-term borrowing costs, the Federal Reserve's short-term interest rate target could again approach zero levels in the coming years.
The report, co-authored by New York Fed President Williams, points out that the medium to long-term risks of the Federal Reserve's interest rate target returning to ultra-low levels are at the lower end of the range observed over the past fifteen years. However, due to rising uncertainty, the possibility of returning to near-zero interest rates in the medium to long term remains significant.