Fed’s Harker says Fed should not be considering more rate increases
NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing.…
Fed’s Harker sees more central bank action to quash inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S. central bank will have to do more on the policy front to…
Fed not yet done on hikes but likely close, Harker says
(Reuters) – The Federal Reserve has not yet finished its round of interest rate hikes to reduce inflation and will have to raise them above 5% but the peak is likely near,…
Fed not yet done on hikes but likely close – Harker
(Reuters) – The Federal Reserve has not yet finished its round of interest rate hikes to reduce inflation but it is likely near, Philadelphia Fed President Patrick Harker said on Tuesday. “In…
Fed’s Harker says small rate hikes on table, opens door to cuts next year
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Friday the surprisingly strong jobs data reported last week did not alter his view that moving…
Fed’s Harker ready to downshift to 25 basis-point interest rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool off inflation,…
Fed’s Harker: better to pause rate hikes at the right time than risk overtightening
(Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive level to bring inflation on a path back down toward the central…
Fed’s Harker: Any U.S. recession would be shallow
(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Friday said he believes the U.S. central bank can bring down inflation without triggering a deep recession and hefty unemployment. “We don’t want…
Fed’s Harker: Would like to get rates above 3.4% and ‘sit for a while’
(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Thursday said he would like to get interest rates above 3.4% and then “maybe sit for a while,” adding his voice to the…
Fed’s Harker says interest rates should reach above 3%, then reassess
(Reuters) – The U.S. Federal Reserve should raise interest rates above 3% by the end of this year and then reassess how much more it needs to do to bring inflation down…
Fed’s Harker: soft landing possible, not forecasting recession
(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he believes the central bank can bring inflation down without sending the economy into a recession, in part because the…
Fed’s Harker: “methodical” policy tightening designed to avert recession
(Reuters) – The U.S. Federal Reserve aims to tighten monetary policy in a methodical way that keeps the economic expansion intact, Philadelphia Federal Reserve President Patrick Harker said on Wednesday. “We’ve committed…
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