Federal Reserve's Harker: May Temporarily Hold Rates Steady

BlockBeats News, February 8th: Today, the US January seasonally adjusted non-farm payrolls recorded 143,000, well below the market's expected level of 170,000, hitting a new low since October last year. Federal Reserve's Gullsby commented on the macro data, stating, "This is a robust non-farm payroll report. It looks like we are about to achieve full employment. Following recent observations, I am optimistic that tariffs will not ultimately be a significant obstacle to trade. Satisfied with the economic development path. Tariffs may become a 'wrench' in the supply chain. Wage growth is roughly in line with the 2% inflation level. Long-term market-oriented inflation expectations indicate that the market believes the Fed will keep inflation under control at 2%."

"Currently, the Federal Reserve is maintaining interest rates unchanged, but in the next 12 to 18 months, interest rates will be slightly lower than the current level. The pace of interest rate cuts will slow down under greater uncertainty. On the road to achieving the 2% inflation target, we may temporarily keep interest rates unchanged. The neutral balance point for interest rates has decreased. Stable rates need to be achieved on a 'cautious' timetable. I do not think the Federal Reserve will play a role in any sovereign wealth fund." (Jin Shi)