Federal Reserve Harker: Fed Policy Needs to Maintain Some Level of Tightening to Reduce Inflationary Pressure

BlockBeats News, November 14th, the Federal Reserve's Harker stated that, with the labor market weakening, the employment aspect of the Fed's mandate faces challenges. It is reported that inflation is too high and moving in the wrong direction. The current unemployment rate is approaching its peak. This is a difficult period for monetary policy.

Some inflation may be driven by tariffs, but service inflation is indeed worrisome. The Fed's policy needs to maintain a certain degree of tightening to reduce inflationary pressures. Tariffs are expected to boost the inflation rate until early next year. (Xinhua Finance)