Fed’s Harker speaks to reporters: We are in a period where we can be patient

Speaks to reportersPhilly Fed’s Harker (voting member) says:

  • The Fed  is in a period where they can be patient
  • We think there are transitory factors on inflation
  • Worried we’ve been saying transitory for a while
  • Uncertainty really does resolve around inflation
  • He has not factored fiscal policies in his estimates
  • He is not opposed to a higher inflation target
  • emphasizes that he penciled in hikes on his dot plot

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