Fed's Harker: Fed should plan to raise interest rates twice more this year

Eren Sengezer FXStreet

Philadelphia Fed President Patrick Harker crossed the wires, via Reuters, noting that the Federal Reserve should plan to raise interest rates twice more this year so to avoid getting behind the curve but also to avoid rushing its tightening plans.

Key quotes (via Reuters)

"I don't want to get behind the curve, but I don't think we need to rush, either"
"I still think that's the right call," he said of the pace of rate hikes, which is in line with the median Fed forecasts, and which he called "gradual."

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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