[Fed Harker: Based on current forecasts, one rate cut in 2024 is appropriate] Golden Finance reported that Fed Harker said that based on his current forecasts, he believes it is appropriate to cut interest rates once this year, which emphasizes the signal that interest rates may remain high. "If everything goes as expected, I think it will be appropriate to cut interest rates once before the end of the year," Harker said. "In fact, I think there is a good chance of two or zero rate cuts this year, depending on which direction the data goes. So we will still rely on the data." The Philadelphia Fed president currently expects economic growth to slow, but still above trend, and unemployment to rise modestly. He also believes that falling back to the Fed's inflation target will be a "long process."