Fed’s Harker: FOMC should hold steady

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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.

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