Federal Reserve's Harmack: No Support for Rate Cut in September

On August 21, Cleveland Fed President Harmack stated that if Federal Reserve officials were to make a policy decision tomorrow, she would not support a rate cut in September. 'Current inflation levels are too high and have been on an upward trend over the past year,' Harmack said in an interview on Thursday. 'Based on the information I have, if we were to meet tomorrow, I see no reason to lower interest rates.' She acknowledged concerns about the labor market but pointed out that the unemployment rate remains close to her estimate of full employment levels. 'From an overall balance perspective, I believe it is important to maintain a moderately tightening policy stance in order to continue bringing inflation back to target levels.' #杰克逊霍尔会议 #加密市场回调