The U.S. central bank will continue to raise interest rates at a measured pace until policymakers are confident that inflation is moving down toward the 2%...
The U.S. central bank will continue to raise interest rates at a measured pace until policymakers are confident that inflation is moving down toward the 2% annual rate goal, said Philadelphia Fed President Patrick Harker on Wednesday.
Harker... The U.S. central bank will continue to raise interest rates at a measured pace until policymakers are confident that inflation is moving down toward the 2% annual rate goal, said Philadelphia Fed President Patrick Harker on Wednesday. Harker endorsed the Fed’s plan for two additional 50-basis-point rate hikes in June and July as long as there are no significant changes in the data in the coming weeks.
The economy looks very resilient and “can withstand a measured, methodical approach to tightening financial conditions,” he added.
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