Fed’s Harker Says He Is Looking For ‘Methodical’ Hikes This Year

Bloomberg2022-03-29

Philadelphia Fed chief sees asset holdings being reduced soonSays he’s worried inflation expectations could become unmooredPhiladelphia Federal Reserve Bank President Patrick Harker said he expects a ...

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Comments

  • robot1234
    2022-03-30
    robot1234
    Personally, i see this as an extremely rosy outlook by Harker. He said the economy will post another above-trend growth rate of around 3% to 3.5% this year before falling back to trend of around 2% to 2.5% in the next few years. He said inflation will rise 4% this year before falling back toward the 2% target over the next two years. For the record, last month inflation was 7.9%, highest in 40-year, & most analysts are expecting it to go higher in the next few months due to record numbers of unfavorable factors. The geopolitical tension esp between US & China, Ukraine crisis, supply chain disruptions, coupled with QT to mitigate the more than $30 trillion national debt, expected 7 rate hikes this year to raise rate from zero to 1.75%, and tapering the
  • Harvard
    2022-03-30
    Harvard
    Interesting 
  • MHh
    2022-03-30
    MHh
    In simple English means increase a bit to test waters then increase a bit again if not enough, cycle repeats[Tongue] 
  • SiewWeng
    2022-03-30
    SiewWeng
    Ya
  • Bs777
    2022-03-30
    Bs777
    Bullishly shit
  • YJ Lee
    2022-03-30
    YJ Lee
    Ok
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