Sees 3 hikes next year

  • Not moved far from his baseline of 3 2018 hikes
  • We are getting close to neutral rate
  • Possible that 2019 end of tightening cycle
  • Would not want to go far over the neutral rate
  • Workers need a life time of education
  • Need job retraining programs that really work in this country.

Harker is the Pres. of the Philadelphia Fed. He is not a voting member in 2018.

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