Odaily星球日报讯 美联储哈克表示，资产负债表缩减的结束取决于市场，宽松周期结束可能使联邦基金利率维持在约 3%水平。（金十）

美联储哈克：宽松周期结束可能使联邦基金利率维持在约3%水平

Odaily Odaily News: Fed&#39;s Harker said that the end of the balance sheet reduction depends on the market, and the end of the easing cycle may keep the federal funds rate at about 3%. (Jinshi)

Fed's Harker: End of easing cycle could keep federal funds rate around 3%

Federal Reserve Governor Bowman stated that some progress has been made in reducing inflation recently, but the level of inflation is still uncomfortably high above the committee's 2% target, and there are still upside risks to inflation. If inflation continues to slow, rate cuts would be appropriate. (Jinshi)

Fed Governor Bowman: If inflation continues to slow, rate cuts would be appropriate

Odaily Planet Daily Report: As the debate on Wall Street heats up over when the Federal Reserve will end its current quantitative tightening (QT) policy, strategists are eagerly awaiting the release of the latest policy meeting minutes by the Fed on Wednesday, hoping to get more guidance. While most market observers expect QT to end sometime later this year, the exact timing is still uncertain. This has drawn attention to the July meeting minutes, which may also provide clues about the trajectory of interest rates. Over the past week, the New York Fed has released a series of research reports on the implementation of monetary policy and the level of reserve balances, which are key themes as the QT program nears its end. Steven Zeng, U.S. rates strategist at Deutsche Bank, believes these may be the signals that policymakers are using as they approach the end of the program.

Market watchers expect the Fed's quantitative tightening policy to end later this year

Odaily Planet Daily Report: Currently, the US stock market is showing a stable and optimistic trend, and the market is full of expectations for Fed Chair Powell's speech at the upcoming Jackson Hole economic symposium on Friday. Goldman Sachs has outlined several key issues in its report that it hopes Powell will address at the symposium. The most important of these is to demonstrate confidence in the inflation outlook in his speech, and it is expected that Powell will provide more dovish information than in the press conference after the July FOMC meeting, and that the Fed's policy rate will soon decline.