Federal Reserve official Harmak commented on the policy direction following three consecutive interest rate cuts: there is no need for interest rate adjustments in the coming months, with the core basis being the persistence of inflation and uncertainty in economic data. This series of consecutive rate cuts has triggered the largest internal disagreements within the Federal Reserve in nearly six years, with several officials casting dissenting votes. Harmak has opposed rate cuts since October, believing that premature easing will keep inflation above target for a longer period, and that a judgment should be made after key price and employment data are clarified.
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