#BNB创新高 #Federal Reserve's Harnack: No Support for Rate Cut in September
On August 21, Cleveland Fed President Harnack 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," Harnack said in an interview on Thursday. "Based on the information I have, I see no reason to lower rates if we were to meet tomorrow." She acknowledged concerns about the labor market but pointed out that the unemployment rate remains close to her estimates of full employment levels. "From an overall balance perspective, I believe it is important to maintain a moderate tightening policy stance in order to continue bringing inflation back to target levels."
