Federal Reserve official Harker cautioned that additional interest rate cuts could jeopardize financial stability. He expressed concerns about the potential consequences of lowering rates further. Harker noted that while rate cuts can stimulate the economy, they may also lead to unintended risks in the financial system. He emphasized the importance of balancing economic growth with maintaining stability in financial markets. Harker’s remarks highlight the ongoing debate within the Federal Reserve regarding the appropriate monetary policy approach in the current economic climate.
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