- Philadelphia Fed president Harker: It will soon be time to begin slow and methodical taper
Market news
29 September 2021
Philadelphia Fed president Harker: It will soon be time to begin slow and methodical taper
- Says he would support starting taper as soon as November and finishing by mid-2022
- Does not expect a rate hike until late 2022 or early 2023
- Expects GDP growth to come in around 6.5% in 2021 before moderating to about 3.5% in 2022
- Inflation should come in around 4% for 2021 and a bit over 2% for 2022
- Failure by Congress to raise the debt ceiling could harm economic growth significantly
- Does not see potential changes in Fed leadership really changing the course of monetary policy
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