Federal Reserve Hints at Potential Rate Cuts to Combat Inflation

The Federal Reserve may consider lowering interest rates if inflation begins to ease. This possibility arises as the central bank remains committed to managing inflation without hindering economic growth. The Philadelphia Fed President Patrick Harker recently suggested a potential rate cut if economic growth slows and inflation weakens. This statement comes amidst current restrictive policies aimed at curbing inflation while minimizing negative impacts on the broader economy. }