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- Fed’s Harker: Fed to closely look data to see if more rate hikes are needed
Fed’s Harker: Fed to closely look data to see if more rate hikes are needed
Philadelphia Fed President Patrick Harker said on Tuesday that the Federal Reserve will continue to look closely at available data to determine what, if any, additional actions they may need to take.
Additional comments
Full impact of monetary policy actions can take 18 months to be felt.
Already seeing promising signs that the Fed's actions are working.
Fed is fully committed to 2% inflation.
'Disappointing' that recent readings show disinflation is proceeding slowly.
US banking system is sound and resilient.
We have to be a little careful what we don't overdo it.
Bank stress is not over, but has calmed down.
Don't think there should be a blanket increase in fdic insurance caps.
Primary tool for financial stability is not monetary policy.
There's a high bar for using monetary policy for financial stability.
US Dollar stays pressured
Given the recently mixed comments from various Fed policymakers, US Dollar Index (DXY) remains pressured around 102.10 by the press time, after snapping a four-day winning streak the previous day.
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