Search ForexCrunch

Wall Street Journal (WSJ) is out with the latest comments from the Federal Reserve Bank of Philadelphia President Patrick Harker, as he reiterated that “We should hold steady for a while and watch how things unfold.”

Additional Comments:

FOMC should hold steady.

Did not favor last two Fed rate cuts.

Inflation edging up, to reach 2% over next 18-24 months.

Sees US   growth bit above 2% in 2019, around 2% in 2020.  

Repeats that the Fed should hold steady and watch economy.

Economy in good place, trade, global growth headwinds.

Consumer a ‘hero’ but can’t be sole engine of economy.