Fed's Harker Still Expects Rate Cuts but Says Imminent Move Not Needed

FEDERAL RESERVE - NEW YORK. Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest rates, but added that any sort of imminent move down isn't needed amid considerable uncertainty over the economic outlook.

"I still see us on a downward policy rate path," Harker said in a speech to the National Association of Corporate Directors New Jersey Chapter's Economic Forecast 2025.

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