Federal Reserve official Harker reiterates there is no reason to cut rates this month

Jinse Finance reported that Cleveland Federal Reserve Bank President Loretta Mester reiterated her view that there is no reason to lower interest rates this month, as current data shows inflation remains above the Federal Reserve's 2% target and continues to rise. Mester stated that business leaders are feeling price pressures from suppliers. "Some of the pressure is related to tariffs, and some is not," she said. "Mester also indicated that if the independence of the Federal Reserve is threatened, low inflation would also be at risk.