[Federal Reserve's Harker Open to Reforming Policy Rate Target] According to a report by Jinse Finance, Cleveland Federal Reserve President Harker stated on Friday that she is open to reforming the interest rate target used by the Federal Reserve to implement monetary policy. Speaking at an event hosted by the Dallas Federal Reserve, she noted that the structure of the money market has undergone profound changes, indicating that a shift from the current federal funds rate target to other interest rate benchmarks is being considered. 'I believe it is time to more broadly explore how to optimally implement monetary policy,' Harker emphasized in her speech. Her remarks echo the consensus she recently reached with Dallas Federal Reserve President Logan, which suggests that the pricing mechanism of financial markets has gradually decoupled from the traditional anchoring effect of the federal funds rate.