Philadelphia Fed president, Patrick Harker, during a scheduled speech in Frankfurt this Tuesday, said that I was not supportive of the December rate hike.
Key quotes:
• My dot plots projection didn’t come down that much.
• But had ticked down growth rate forecast a little bit.
• There was a general consensus to shorten the maturity of the balance sheet.
• So there would be room for a future twist if need.
• My forecast shows inflation coming up to 2.1-2.2% in 2019.
