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Fed's Harker: I don't want to move interest rates way up and then way down

Fed's Harker: I don't want to move interest rates way up and then way down

A big question for the Fed is how long they're willing to tolerate high inflation and Harker waded into that debate with his latest comments. He said that "as long as we're moving consistently to collapse inflation down, we can pause." He added "I don't want to move interest rates way up and then way down."

So if there's a slow decline in inflation to 4% at the end of 2023, that might be enough for the Fed to simply leave rates where they are, rather than hiking them further. It's more... Read More

Posted: Nov 15 2022, 14:58
Author Name: forexlive
Views: 111589

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