- Philadelphia Fed president Harker says he supports tapering sooner rather than later
Market news
27 August 2021
Philadelphia Fed president Harker says he supports tapering sooner rather than later
- Says there is some evidence that inflation may not be transitory
- Economy has achieved inflation goal
- Unemployment is moving toward the Fed goal
- Current issues with economy involve supply not demand
- Thinks Delta variant and other variants are a risk
- Tapering should be finished before rates are increased
- Sees rate hikes in late 2022 early 2023
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