Federal Reserve's Harmack states that inflation remains the primary concern, and may continue to hold steady in September

According to Jinshi News, Federal Reserve official Harmack stated that the current level of inflation is too high and on the rise, requiring heightened attention. He believes that there is still some distance to reach a neutral policy level, but there is no need for stimulative policies. In addition, Harmack pointed out that although the labor market faces an economic slowdown, it may still remain balanced, and the unemployment rate is one of the important indicators. Regarding the impact of tariffs, he stated that it is still unclear whether it is merely a one-time effect. Based on existing data, he expects the Federal Reserve will not cut interest rates in September.