According to online reports, Federal Reserve Huck said that as the U.S. financial system faces growing challenges, the deficit must be controlled and is "very worried" about the current government's fiscal situation. Hauck also said: "We are becoming increasingly blind when it comes to critical data. We are concerned that the quality of economic data is declining. Uncertainty makes predicting the outlook for monetary policy very difficult. But amid the uncertainty, the Fed may still cut interest rates later this year."