Fed's Harker: Expects one U.S. rate hike in 2019, one in 2020
|Federal Reserve Bank of Philadelphia President Patrick Harker, who is a non-voter, recently crossed the wires saying that he was expecting one rate hike in both 2019 and 2020.
Key quotes (via Reuters)
- Has patient, 'wait-and-see' policy stance.
- 'Very slight' downside risks to U.S. economic outlook.
- U.S. economy in good shape, data to influence policy views.
- Expects GDP a bit above 2 pct in 2019; inflation a bit above 2 pct this year and next.
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