⚓Federal Reserve President in Philadelphia Harker expresses concerns about the financial deficit in the United States
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💡According to Block Beats, Federal Reserve President Patrick Harker expressed significant concerns about the financial deficit in the United States amid increasing challenges in the financial system. Harker emphasized the need to control the deficit and expressed his worries about the current financial situation of the government.
🚨⚡Harker also highlighted issues related to key economic data, pointing out the decline in data quality and the increase in uncertainty. This uncertainty complicates monetary policy forecasts. Despite these challenges, Harker noted that the Federal Reserve may consider lowering interest rates later this year.
