Fed's Harker: sees 3 hikes this year if inflation does not accelerate

Ross J Burland FXStreet

Fed's Harker was appearing in a CBNC interview and came with the following comments:

Not moved far from his baseline of 3 2018 hikes.
We are getting close to neutral rate.
In his opinion, possible that 2019 end of tightening cycle.
Would not want to go far over the neutral rate.
Workers need a life time of education.
Need job retraining programs that really work in this country.
Harker is the Pres. of the Philadelphia Fed. He is not a voting member in 2018.

About Patrick T. Harker

Patrick T. Harker took office on July 1, 2015, as the eleventh president and chief executive officer of the Third District Federal Reserve Bank, at Philadelphia. In 2016, he serves as an alternate voting member of the Federal Open Market Committee.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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