Comments from Harker

  • Sees inflation rising to 2% target near year end
  • US economy "is essentially at normal now"
  • Repeats that he sees two more hikes this year
  • Forecasts 2.3% GDP growth for 2017
  • May jobs report "a good number"
  • Believes there is very little slack left in economy
  • Unwinding of balance sheet may be slow

We've heard all this before from Harker. No surprise.

"I think the concern over a couple of months of less-than-perfect inflation data is unwarranted," he said.

The Fed's Kaplan is up at the top of the hour.