Fed's Harker: Pause on rate hikes should be extended

  • Remarks by Philadelphia Fed president, Patrick Harker, to the Wall St Journal
  • Workings of the economy cannot be rushed
  • Fed can wait until early next year to decide if we have done enough

That just reaffirms their current position and the thing working in their favour is that the US economy is holding up well, as evident by the retail sales data from yesterday.

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