Federal Reserve's Harker: No need for any rate cuts in the coming months, more concerned about persistently high inflation

Deep Tide TechFlow news, on December 21, according to Golden Ten Data, Federal Reserve's Harker stated that after three consecutive rate cuts at the past meetings, there is no need to adjust interest rates in the coming months. Harker opposes recent rate cuts because she is more concerned about persistently high inflation rather than potential labor market vulnerabilities. Harker is not a voting member of the rate-setting committee this year, but will become a voting member next year.

"My baseline expectation is that rates can be maintained at the current level for a period of time, at least until spring. Until we get clearer evidence that either inflation is falling back to target levels or the job market is showing more substantial weakness," she said in an interview with The Wall Street Journal's Take On the Week podcast on Thursday.