“I support moving toward a stimulus reduction process sooner rather than later. When exactly that happens, the committee has to decide. I hope that sometime this year we can start the adjustment process“said the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, in an interview with Nikkei, according to Reuters.
Asked whether the Fed will announce any rate hikes or cuts during next week’s meeting, Harker said: “That it has not been decided, and I prefer not to comment on that. “
The legislator also predicts that we could see rate hikes in late 2022 or early 2023, while saying: “I have some concern that the risks for higher inflation than we expect are high, so I would like to leave the option of a rate increase open. But again, that depends on the state. of the economy “.
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