Business Standard

Friday, January 10, 2025 | 03:59 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Fed's Harker suggests he could back March rate hike

Image

Reuters PHILADELPHIA

PHILADELPHIA (Reuters) - A Federal Reserve policymaker suggested on Tuesday he would support an interest rate increase at a mid-March policy meeting as long as inflation, output and other data until then continue to show the U.S. economy is growing.

Asked what would dissuade him from backing a rate hike at the March 14-15 meeting, Philadelphia Fed President Patrick Harker told reporters: "Seeing any data that is not consistent with what I see as continued growth in the economy. We'll see. But I don't think March should be taken off the table at this point."

Harker, seen as a hawkish Fed official, is one of 10 voters on monetary policy this year under a rotation of regional presidents.

 

(Reporting by Jonathan Spicer; Editing by Meredith Mazzilli)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 22 2017 | 12:17 AM IST

Explore News