Philadelphia Fed President Patrick Harker said yesterday, “I anticipate a sequence of increases in the funds rate at a measured pace until we are confident that inflation is moving toward the Committee’s inflation target.”
“I still am in the camp that we can have, if not a soft landing, a safe landing,” he said. He expected the economy to grow between 2% and 3% this year, adding that “this economy can withstand a measured, methodical approach to tightening financial conditions.”
