Philadelphia Fed President Patrick Harker said Wednesday he would like to see a quarter-percentage point rate hike in March.
Philadelphia Federal Reserve President Patrick Harker said Wednesday he wants a small interest rate hike in March and then methodical moves that don’t upset the economy’s strong performance.
Many... Philadelphia Federal Reserve President Patrick Harker said Wednesday he wants a small interest rate hike in March and then methodical moves that don’t upset the economy’s strong performance. Many Wall Street economists have been talking about the possibility of a larger half percentage point rate hike in the wake of the strong 7.5% annual rate of consumer price inflation reached in January, the highest rate in 40 years.
Harker talked about moving Fed policy away from its easy stance in a methodical way without surprises.
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