Fed's Harker: I was not supportive of the December rate hike

Author: Justin Low | Category: Central Banks

Philly Fed president, Patrick Harker, speaks in Frankfurt

  • Says that his dot plots projection didn't come down that much
  • Says that he forecast growth rate a little lower
Well, on the bright side the December rate hike can be seen as a buffer for when the economy starts to take a turn for the worse. And talks of the yield curve inversion and possible recession certainly will keep the Fed on their toes over the next year or so.

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