Harker endorsed a wait-and-see approach to monetary policy following a year in which the central bank cut its benchmark rate three times.
"My own view right now is that we should hold steady for a while and watch how developments and the data unfold before taking any more action," Harker said in prepared remarks for a speech in Malvern, a Philadelphia suburb.
"The news in general continues to be good for the consumer sector," Harker added. "Thanks to the lowest unemployment rate in 50 years and growth in wages, consumers are upbeat about the economy. Consumer confidence is high, and the optimism should support household spending this year."
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