Feds Harker: Can it take some time for the next Fed rate hike

Author: Greg Michalowski | Category: Central Banks

Comments to reporters

He adds:
  • With no sign of inflation, Fed should keep powder dry until clear how tax reform will impact economy
  • Lack of wage pressure is behind his cautious stance on further rate increases
  • Fed should avoid any action that heightens risk of inverted yield curve
  • Favors a slow and steady rate hike path
  • Helpful to get inflation above 2% for a while
  • Does not see significant signs of economic overheating
Harker commented earlier that to rate hikes in 2018 seemed appropriate.  In the last Fed dot plot, the consensus was for 3 hikes in 2018
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