Philadelphia Fed President Patrick Harker said Monday that recent weaker inflation data has not altered his view that the appropriate path of monetary policy...
Philadelphia Fed President Patrick Harker said Monday that recent weaker inflation data has not altered his view that the appropriate path of monetary policy would be for one interest-rate hike, at most, this year. While inflation has softened, Harker said he suspect some of the weakness is "transitory," and he still expects it will run slightly above the Fed's 2% target over the medium term.
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