Fed's Harker: Won't consider rate cuts until next year, rate hikes depend on inflation

Odaily News: In an interview with Bloomberg TV, US Federal Reserve's Harker said that they will only consider rate cuts next year. The Federal Reserve needs to bring the inflation rate down to 2% and is currently in a tightening stance. They need to continue to exert pressure and may consider raising rates if the progress in lowering inflation stagnates, but they currently do not believe that further rate hikes are necessary. (Jin10)