Fed's Harker: Fed policy is going to hold steady for now

Eren Sengezer FXStreet

Philadelphia Fed President Patrick Harker said on Tuesday that he expects the Gross Domestic Product to grow by around 5-6% in 2021, as reported by Reuters.

"The Federal Reserve's policy is going to hold steady right now," Harker added and reiterated that he expects the unemployment rate to continue to fall throughout this year.

Market reaction

The greenback continues to weaken against its rivals after these comments. As of writing, the US Dollar Index was losing 0.19% on a daily basis at 91.91.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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