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    Fed's Harker Says Rate Hikes Likely Over Amid Ongoing Disinflation

    Philadelphia Federal Reserve President Patrick Harker said on Friday he believes the U.S. central bank is likely done with its cycle of interest rate hikes amid an ongoing waning in price pressures.


     

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    Fed's Harker: Holding Rates Steady Would Be 'Prudent'
    "Rates will need to stay high for a while,” Federal Reserve Bank of Philadelphia President Patrick Harker says during a virtual event with the Delaware State Chamber of Commerce.
    Oct 13, 2023

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