Fed's Harker: It might be better to wait for stronger inflation before next hike

thenews 2016.02.16 14:02

Later than advertised but now out

Might be prudent to wait for stronger inflation before hiking for the second time
He's taking a conservative approach to policy in the near term
Expects more meaningful rate hikes in 2nd half of the year
It may be worth erring on the side of accommodation given the risks of persistently low inflation
Expects 1.5% CPI in H2 2016 as energy prices stabilise
Is upbeat on economy despite market risks and expects 2.7% GDP this year
Market sell off will not overwhelm economic strength but it tilts risks to the downside

Dovish comments from the Philly Fed president speaking in Delaware