Philadelphia Fed president Harker: interest rate hikes to be deliberate, methodical

Philadelphia Fed president Harker is speaking and says:

• interest rate hikes to be deliberate, methodical
• there are some signs of supply chain troubles are finally easing
• sees potential for significant uptick in service sectors of a large Democratic that had toughest pandemic rules
• sees GDP growth declined to 2% – 2.5%
• In 2022 sees inflation at 4%

Harker does not explicitly say whether he would increase by 25 basis points or 50 basis points at the next meeting