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Fed’s Harker: should hold rates steady for a while

Federal Reserve Harker, a 2020 voter, as crossed the wires

Key comments

  • 2% economic growth seen in 2020.
  • Economy on track to reach inflation target.
  • Unemployment seen below 4% for the ‘next couple of years’.
  • Should watch how developments, data unfold before taking action.
  • Uncertainty over fiscal policies, trade & geopolitical tensions hold back business investment.
  • Coronavirus’ neg. effects on Chinese economy are something to watch.

 

More to come ... 
 

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