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Federal Reserve Harker: Rate Cut Could Prolong High Inflation

Federal Reserve Harker: Rate Cut Could Prolong High Inflation

BlockBeats News, November 20th, the Federal Reserve’s Harker said that rate cuts could prolong high inflation. Rate cuts could also encourage risky behavior in financial markets. Banks are currently well-capitalized. Lowering rates now could distort market pricing levels. (Xinhua)

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