Fed's Harker: Fed still likely to cut rates later this year

Odaily News Harker of the Federal Reserve said that the deficit must be controlled at a time when the U.S. financial system faces growing challenges, and he is "very worried" about the current government fiscal situation. Harker also said: "We are becoming increasingly blind in terms of key data. We are worried that the quality of economic data is declining. Uncertainty makes it very difficult to predict the outlook for monetary policy. But amid uncertainty, the Fed may still cut interest rates later this year." (Jinshi)