Reported about 2 months ago
Philadelphia Fed President Patrick Harker has voiced support for commencing rate cuts with a 25 basis point reduction as the Federal Reserve prepares to adjust its monetary policy. During an interview at the Kansas City Fed's annual economic symposium, Harker noted he would consider a more significant cut if the labor market showed sudden weakness, though current forecasts do not indicate such a scenario. Harker's comments come in the context of Fed Chair Jerome Powell's recent speech suggesting that the timing is right for policy adjustments.
Source: YAHOO