According to Jinshi, Philadelphia Fed President Harker said on Thursday that he still expects the Federal Reserve to cut interest rates, but the policy path is shrouded in considerable uncertainty. "I still think we are on a downward path for the policy rate," Harker said. "I do not intend to deviate from this path or turn around. The exact pace of continuing to move forward will depend entirely on newly received data." Harker has no voting rights this year. In his speech, he said, "The overall foundation of our economy remains strong," but even so, "we are still in a very unstable period," which limits guidance on the future policy path. Harker pointed out that it will take longer than expected to get inflation back to the 2% target. He also said that the labor market has stabilized and remained healthy, and there are increasing signs that low-income people are facing greater pressure, which he is concerned about.