According to CoinMeta, Federal Reserve official Harik reiterated that now is the time to take action to curb inflation. She stated that current interest rates are not strong enough to cool down the economy and cannot allow price pressures to subside on their own. Harik believes that the appropriate approach is to maintain a certain level of restraint to help inflation fall back to the target level. She pointed out that the longer inflation remains above the target level, the more difficult it will be to bring it down. Harik was one of the three officials who dissented at last month's policy meeting, preferring to raise interest rates by 25 basis points. She added that the performance of capital markets indicates that current interest rates are not exerting sufficient pressure on credit or economic growth, with trillions of dollars in IPO and record-level debt issuance occurring in the market.