Fed's Harker: Current economy argues for steady rate policy for now
Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday that the current economy argues for a steady policy for now, as reported by Reuters.
Key takeaways
"Monetary policy is in good place right now."
"Future Fed rate policy choices will be data driven."
"Fed policy stance should continue to lower inflation."
"Inflation elevated and has been sticky over recent months."
"Inflation seen back to 2% target over next two years."
"Labor market is largely in balance."
"The economy is functioning from a position of strength."
"Unsure what impact new government policies will have on the economy."
Source : Fxstreet