Fed's Harmak: Inflation remains a primary concern, no interest rate cut plan in September

According to reports, Fed official Harmak stated that inflation is still too high and continues to rise, requiring ongoing attention. He believes that although there is still some distance from achieving a neutral policy level, there is no need for additional stimulus policies. At the same time, Harmak mentioned that while the labor market faces economic slowdown, it may still maintain balance, and the unemployment rate is an important reference indicator. Regarding the impact of tariffs, he believes it is still unclear whether it is merely a one-time effect. Based on existing data, he predicts that the Fed will not cut interest rates in September.