Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he still thinks just two interest-rate hikes this year is “likely appropriate,” but signaled he is open to more if needed.
“Based on the relatively strong economy, but the continued stubbornness of inflation, I’ve penciled in two hikes for 2018,” Harker said at Saint Louis University in St. Louis, Missouri. “I use pencil because the data can change, and sometimes they don’t accurately point to future events.”
