- Philadelphia Fed president Harker: It's a good sign in some ways that 10-year yields are going up because it means people are more optimistic
Market news
26 March 2021
Philadelphia Fed president Harker: It's a good sign in some ways that 10-year yields are going up because it means people are more optimistic
- There are wage pressures in certain sectors but not across the board
- I'm not seeing signs of a wage price spiral
- There are some risks to keeping rates too low for too long
- I want to hold steady until we get through this
- Committed to letting inflation rise above 2% for some time
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