TechFlow news, November 20 — According to Jinshi Data, Cleveland Federal Reserve President Harker warned on Thursday that further rate cuts at this stage would pose broad risks to the economy. Given inflation remains persistently above the Fed's 2% target, "cutting interest rates to support the labor market could prolong this period of high inflation and might also encourage risk-taking in financial markets." Harker noted that against the backdrop of rising stock prices and "accommodative" credit conditions, current financial conditions are "quite accommodative," and she explained that further lowering the cost of credit under these circumstances "could support riskier lending."
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