Reported 3 days ago
Federal Reserve Bank of Philadelphia President Patrick Harker expressed confidence in the U.S. economy, indicating that there is no immediate need to adjust interest rates as inflation is expected to decrease over time. During a speech in Nassau, Bahamas, Harker noted the strength of the economy and stated that maintaining the current policy rate of 4.25% to 4.5% is appropriate, as he anticipates inflation will return to the target of 2% in the coming years.
Source: YAHOO