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Fed Should Skip Rate Hike at Upcoming June Meeting, Harker Says

Published 31/05/2023, 19:52
© Bloomberg. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, speaks during the the Federal Reserve Bank of Atlanta & Dallas Technology Conference in Dallas, Texas, U.S., on Thursday, May 24, 2018. The title of the conference is 'Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy.' Technology-enabled disruption refers to workers increasing being replaced by technology.

(Bloomberg) -- The Federal Reserve should probably skip an interest-rate increase at its upcoming June policy meeting, Philadelphia Fed President Patrick Harker said.

“I think we can take a bit of a skip for a meeting,” Harker said Wednesday during an event at the Philadelphia Fed. “I am definitely in the camp of thinking about skipping any increase at this meeting.”

©2023 Bloomberg L.P.

© Bloomberg. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, speaks during the the Federal Reserve Bank of Atlanta & Dallas Technology Conference in Dallas, Texas, U.S., on Thursday, May 24, 2018. The title of the conference is 'Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy.' Technology-enabled disruption refers to workers increasing being replaced by technology.

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