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