Federal Reserve Official Optimistic About U.S. Economic Outlook

According to Odaily, Federal Reserve official Patrick Harker expressed optimism about the U.S. economic situation, stating there is currently no reason to alter interest rate policies as the Federal Reserve continues its efforts to reduce inflation. Harker noted that current data indicates the U.S. economy will maintain a strong trajectory. Although inflation remains high, it appears likely to ease over time within a resilient economic growth and balanced job market, providing sufficient reasons to keep policy rates stable. He anticipates that inflationary pressures will continue to diminish and return to the 2% target in the coming years. Harker remarked, "While I won't commit to a specific timeline, I remain optimistic that inflation will continue to decline, allowing policy rates to decrease in the long term."