Federal Reserve Hawk: Inflation to Continue Lower, Policy Rate to Decline Long Term

BlockBeats News, February 17th, Federal Reserve official Harker expressed optimism about the U.S. economic situation and believed that there is currently no reason to change the interest rate policy. The Federal Reserve is continuing its efforts to lower the inflation level.

Harker stated that current data shows that the U.S. economy will continue to operate in a strong manner. Inflation remains high, but over time, it seems likely to ease in the resilient economic growth and balanced job market, all of which are sufficient reasons to maintain policy rates stability. He expects inflationary pressures to continue to weaken and return to the 2% target in the coming years. "While I won't commit to a specific timeline, I am still optimistic that inflation will continue to decline, and policy rates will be able to decline in the long term." (FXStreet)