News list for " Reserve Hack"
The Federal Reserve has said that it will only issue digital currencies if directed by Congress.
Federal Reserve Harker: We need to start cutting interest rates.
Federal Reserve Harker: I don't think there is a significant risk of a deterioration in the labor force. In our opinion, the unemployment rate will not exceed 5%.
Federal Reserve Harker: The neutral interest rate is around 3%.
Mr. Harker said it was impossible to say whether to support a 25 basis point or 50 basis point rate cut, that more data was needed and would not comment on the market's pricing of the Fed's actions, which were more important than their magnitude. He would support a rate cut in September as long as the data met his expectations. Harker said in an interview, "For me, between now and then...
