Comments from the new Philly Fed President:

  • Dec hike would reduce uncertainty and keep economy on track
  • Earlier liftoff allows for more gradual tightening, smooth return to 2% inflation
  • Delaying hike risks Fed credibility
  • Expects 'steady and modest' US economic growth
  • Economy approaching 'normalcy' as fundamentals improving

"Economic fundamentals have been improving, and we are approaching normalcy," he said.

Harker sounds a lot like his predecessor Plosser did.