Philadelphia Fed President Harker advocates for interest rate cut in September

Key Points

Philadelphia Federal Reserve President Patrick Harker provided a strong endorsement to an interest rate cut on the way.
“I think it means this September we need to start a process of moving rates down,” Harker told CNBC.
Kansas City Fed President Jeffrey Schmid also spoke to CNBC, offering a less direct take on the future of policy, though he leaned toward a cut ahead.

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