Home Fed’s Harker: ‘Not convinced’ a December rate rise is prudent – WSJ

Fed’s Harker: ‘Not convinced’ a December rate rise is prudent – WSJ

Updated: 16 Nov. 2018 | 22:08

In an interview with The Wall Street Journal, Federal Reserve Bank of Philadelphia President Patrick Harker said that he wasn’t in favour of a rate hike in December.

“At this point, I’m not convinced a December rate move is the right move but I need to watch the data over the next few weeks before determining whether it is prudent to boost the cost of borrowing again,” Harker explained.

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