[Federal Reserve's Harker: Further Rate Cuts May Pose Financial Stability Risks] BlockBeats News, November 20, Cleveland Federal Reserve Bank President Harker warned on Thursday that further rate cuts at this time could bring widespread risks to the economy. Given that inflation remains above the Federal Reserve's 2% target, 'lowering interest rates to support the labor market may prolong this period of high inflation and could also encourage risky behavior in financial markets.' Harker pointed out that in the context of rising stock prices and 'loose' credit conditions, the current financial environment is 'quite accommodative.' She explained that further lowering credit costs under such circumstances 'could support high-risk lending.' (Jin10)