Fed’s Harker Sees Two to Three Hikes in 2016 as Prices Gain
- Harker says higher oil, weaker dollar should help inflation
- Says June hike approrpriate if economy meets his outlook
Patrick Harker, president of the Federal reserve Bank of Philadelphia.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of Philadelphia President Patrick Harker said that he could see two to three rate hikes in 2016 and that prices will return towards the central bank’s inflation target over the medium term.
“Although I cannot give you a definitive path for how policy will evolve, I can easily see the possibility of two or three rate hikes over the remainder of the year,” he told an audience Monday in Philadelphia.